Preliminary results from Onyx Software Corporation reveal that the Company has achieved in the fourth quarter of 2004, the highest quarterly licence booking level, in more than two years, with approximately $6.5 million.
Onyx said nearly $4.0 million is expected to be recognized as fourth quarter license revenue, with the balance of license bookings expected to be recognized in the second and third quarters of 2005.
Onyx expects total revenue of approximately $14.5 million for the fourth quarter of 2004. Fourth quarter total costs and expenses, excluding amortization or impairment of intangibles, restructuring-related expenses and severance, are expected to be in the range of $14.4 million to $14.9 million. These expenses include significant costs for Sarbanes-Oxley compliance. Onyx also anticipates fourth quarter severance expense of approximately $1.0 million that is primarily related to executive changes announced previously.
‘World-class organizations made significant investments that put Onyx at the core of their customer-facing activities,’ said Janice P. Anderson, Chair and CEO of Onyx Software. ‘Additionally, more existing customers made fourth quarter license purchases compared to recent quarters.’ Anderson noted that customers responded positively to the company’s introduction of innovative new products, including Onyx Email Accelerator and Onyx Employee Portal for BlackBerry.
Onyx expects to release final results for quarter and year ended December 31, 2004 in the first part of February, and will provide further business details and a forum for investor questions in a conference call at that time.
Notícias – Press-Releases