Earnings: Compaq Disappoints, Informix, i2, Clarify Impress - InformationWeek

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Earnings: Compaq Disappoints, Informix, i2, Clarify Impress

As anticipated, Compaq posted disappointing quarterly resultsyesterday. But positive reports from Informix, i2Technologies, and Clarify demonstrated that at least somemarkets are performing well.

***COMPAQ: Compaq's first-quarter financial results wereconsistent with the company's April 9 warning that bothprofits and revenue would fall significantly below Compaq'sgoals for the quarter. Compaq reported net income of $281million, or about half of what the company anticipated priorto the earlier warning. Although revenue was up 66% to $9.4billion compared with last year's first quarter, it fellbelow Compaq's goal. After announcing results, Compaq closedup 1/4 to 24-1/4.

***INFORMIX: Informix Corp., continuing its rebound from itsproblem-plagued days of 1997, reported a 22% surge in revenuefor its first quarter, ended March 31, to $196.6 million,compared with $161 million for the first quarter of 1998. Netincome reached $7.2 million for the period, compared with a$386,000 loss a year earlier. The database company's revenuegrowth was spurred by a 17% increase in license revenue, to$97.9 million, and a 27% increase in service revenue, to$98.7 million. Informix closed yesterday at 8-1/16, up 19/32,before disclosing results.

***i2 TECHNOLOGIES: Supply-chain vendor i2 Technologies saw a65% increase in license revenue, to $74 million, in the firstquarter of 1999, compared with the first quarter of 1998. Thesuccess helped total revenue rise to $117.2 million, up from$71 million during the same period last year. Net income was$4 million, or 5 cents per share, as the company says itinvested heavily to further future growth. The majority ofthese investments were in sales and marketing. Net income forlast year's first quarter was $3.5 million, or 5 cents pershare. Prior to announcing results, i2 closed up 3-3/16 to27-11/16.

***CLARIFY: The front-office market continues to show signsof growth, evidenced by Clarify's record first-quarterrevenue. The software vendor posted revenue of $43.5 million,compared with $24.9 million in the first quarter of 1998. Netincome nearly quadrupled, to $2.7 million and 11 cents pershare, up from $700,000 and 3 cents per share in the sameperiod last year. Clarify says the need for businesses toimprove customer service to gain a competitive advantage hasprotected the company from the Y2K-related slowdown that hasnegatively impacted other players in the enterpriseapplications market. Before reporting results, Clarify closedup 3-1/8 to 22-1/2.

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