Profit, Sales Both Rise In Hyperion Q1 - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Software // Information Management
06:28 PM

Profit, Sales Both Rise In Hyperion Q1

CEO Godfrey Sullivan reports strong customer uptake for new Hyperion System 9 business performance management system.

Hyperion Solutions turned in an improved topline and earnings during its fiscal first quarter, ended Sept. 30, surpassing Wall Street analysts' consensus forecasts.

Hyperion earnings, reported in accordance with generally accepted accounting principles (GAAP), grew 14 percent to $13.3 million, or 33 cents per share. Excluding equity-based compensation and other issues, profit came in at $19.9 million, or 49 cents per share. Equity analysts' consensus non-GAAP profit estimates were 42 cents per share.

Sales for the quarter rose 7 percent over the comparable period last year to $170.2 million. Software license revenue increased 5 percent to $60.5 million.

"We're just feeling great," said Hyperion CEO Godfrey Sullivan. "These are the best results we've ever delivered in a Q1."

Hyperion is now projecting second-quarter sales of between $184 million and $189 million. Wall Street forecasts put sales at the high end of that range.

The vendor completed 16 transactions for Hyperion System 9, an upgrade of its performance management system that the company debuted recently. System 9 was available during the last week of Hyperion's first quarter. "We saw surprisingly strong demand" for the new software, Sullivan said.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

10 Things Your Artificial Intelligence Initiative Needs to Succeed
Lisa Morgan, Freelance Writer,  4/20/2021
Tech Spending Climbs as Digital Business Initiatives Grow
Jessica Davis, Senior Editor, Enterprise Apps,  4/22/2021
Optimizing the CIO and CFO Relationship
Mary E. Shacklett, Technology commentator and President of Transworld Data,  4/13/2021
White Papers
Register for InformationWeek Newsletters
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Flash Poll