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Broadbase Software Announces Record Revenue of $14.3 Million Reports Largest Quarter in Company`s History; Year Over Year Growth of 418%, Sequential Quarter Growth of 38% -- Oct 12 2000
MENLO PARK, Calif., Oct 12, 2000 /PRNewswire via COMTEX/ -- Broadbase Software,
Inc., (Nasdaq: BBSW) the leading provider of customer-focused analytic and
marketing automation applications, today announced record revenue for the
quarter ended September 30, 2000.

Revenues for the third quarter marked the largest quarter in Broadbase`s history
at $14.3 million, up 418% over the quarter ended September 30, 1999 and 38% over
the quarter ended June 30, 2000. Net loss for the quarter on a GAAP basis was
$38.2 million or a loss of $ 0.80 per share, compared to a loss of $0.85 per
share for the quarter ended September 30, 1999 and a loss of $0.67 per share for
the quarter ended June 30, 2000. Excluding the amortization of stock-based
compensation and costs and expenses associated with acquisitions, net loss for
the quarter ended September 30, 2000 was $3.2 million or a loss of $0.07 per
share, compared to $0.60 per share for the quarter ended September 30, 1999 and
$0.09 per share for the quarter ended June 30, 2000. Net loss for the nine
months ended September 30, 2000 on a GAAP basis was $106.3 million or a loss of
$2.39 per share, compared to $3.40 per share for the nine months ended September
30, 1999. All per share information presented herein reflects the April 2000
two-for-one split of Broadbase`s common stock. Broadbase`s consolidated
financial statements are available on its web site.

Commenting on the results, Chief Executive Officer Chuck Bay said, "From our
start, we`ve maintained an unparalleled commitment to our customers` success. We
continue to focus on developing best-in-class products, rapidly integrating
acquired technologies, and providing outstanding customer service. During this
landmark quarter, we significantly increased revenues, initiated numerous
high-value partnerships, added a substantial number of new customers to our
rapidly growing customer portfolio, and changed the landscape of eCRM through
our pending acquisition of Servicesoft."


_ Broadbase announced the following highlights during the third quarter:

Strategic Acquisition for eCRM Leadership

-- Broadbase agreed to acquire Servicesoft, the leading provider of intelligent
eService solutions. With this acquisition, Broadbase provides a closed-loop
platform for intelligent customer interactions across all touch points, whether
sales, marketing or service. Together, Broadbase and Servicesoft have more than
400 global e-business customers in financial services, retail,
telecommunications, e-commerce, and technology.

Aggressive Product Development

-- Broadbase redefined the landscape of intelligent customer interactions with
the release of Broadbase 4.0 suite, leapfrogging competition with tight
integration between analytic and e-marketing automation applications,
intelligent workflow and guided decision making.

-- Broadbase launched E-Marketplace, extending the Company`s proven customer
relationship management expertise further into business-to-business e-commerce
by addressing the need for buyers, sellers and market makers to make sense of
the numerous and complex interactions that occur in the burgeoning area of B2B
E-marketplaces.

Worldwide Sales Success

-- Broadbase signed a record amount of new orders in a wide range of sectors
such as financial services, transportation, retail, telecommunications,
e-commerce, and technology. Some of Broadbase`s new customers included leading
businesses such as Air Canada, ANA Airlines, United Airlines, GE Capital, Perot
Systems, UUNET, Bristol-Myers Squibb, Hasbro, NEC (iCRM division), Mentor
Graphics and Samsung.

World-Class Partnerships

-- Broadbase and Ariba entered into a strategic joint development agreement to
deliver packaged B2B e-commerce analytics solutions. This integrated, packaged
analytic solution will complement the Ariba(R) B2B Commerce Platform and give
Ariba customers the ability to maximize the ROI of their commerce investment by
analyzing the complex interactions of buyers, suppliers, value added service
providers and B2B marketplaces.

-- Broadbase and BEA Systems announced a strategic alliance to integrate
Broadbase`s market-leading analytic and marketing automation applications with
BEA WebLogic Commerce Server(TM) and BEA WebLogic Personalization Server(TM),
and to jointly market the product sets.

-- Broadbase and BroadVision announced a strategic OEM agreement to jointly
build and deliver an integrated customer analysis solution for BroadVision`s
One-to-One suite of applications. The OEM agreement calls for BroadVision to
continue to introduce Broadbase into its existing customer base to offer
Broadbase`s full eCRM intelligent customer interaction platform, including
business analytics, marketing, and real-time personalization applications.

-- Broadbase and Ericsson joined forces in an alliance aimed at providing
analytic and marketing solutions to telecommunications service providers. The
unique alliance will enable Ericsson to maximize service offerings and provide
superior customer service for customers who prefer to access the Internet with
wireless devices.

-- Broadbase and Nortel Networks entered into an OEM alliance to give businesses
the tools to improve customer loyalty. Integrated with Nortel Networks Clarify
eFrontOffice solutions, Nortel Networks Clarify Analytic Applications will
leverage the robust analytics and marketing automation applications of Broadbase
Software under the OEM licensing agreement to offer unrivaled flexibility in
analyzing customer behavior.

Rapid Expansion of Systems Integration Alliances

-- As a critical part of its commitment to customer success, Broadbase rapidly
expanded its global network of systems integrators. With this robust portfolio
of focused, cutting-edge integrators, Broadbase ensures project scalability,
tapping into new bases of business vertical and technical expertise. Some of
Broadbase`s systems integrators include Blue Hammock, Braun, Challenger Systems,
CPRi, CTA, Deloitte & Touche, DiaLogos, Enteka, Exiom, HomeCom Communications,
ISA, Kforce, KPMG, March First, Navigator Systems, Nexgenix, Perot Systems,
Solutions Plus, Syncata, and Xpedior.

About Broadbase

Broadbase Software is the leading provider of customer-focused analytic and
marketing automation applications that analyze customer data from multiple touch
points, and use that information to execute marketing campaigns, improve online
merchandising and content, increase site stickiness and personalize all customer
interactions. Broadbase applications are designed for rapid time to value and
have been implemented in as few as 15 days. Broadbase has provided critical
e-commerce infrastructure to more than 300 customers, including ADP, BEA
Systems, Cisco Systems, Fidelity Investments, Hewlett Packard, InsWeb, Kodak,
LoanCity.com, Mercata.com, Onvia.com, The Sharper Image and United Airlines.
Broadbase is headquartered in Menlo Park, California and has a rapidly growing
global presence with locations throughout North America, Europe and Asia. For
more information, visit Broadbase at www.broadbase.com.

NOTE: Broadbase is a trademark of Broadbase Software, Inc. All other product and
company names may be trademarks of their respective companies.

Information in this release that involves Broadbase`s expectations, beliefs,
hopes, plans, intentions or strategies regarding the future are forward-looking
statements that involve risk and uncertainties. These forward-looking statements
include statements regarding anticipated growth in our customer base,
anticipated benefits from strategic partnerships and acquisitions, integration
of acquired technologies and success of new product releases. All
forward-looking statements included in this release are based upon Broadbase`s
current expectations as of the date of this release, and Broadbase assumes no
obligation to update any such forward-looking statement. These statements are
not guarantees of future performance and actual results could differ materially
from Broadbase`s current expectations and from these forward-looking statements.
Factors which could cause actual results to differ include uncertainty regarding
market acceptance of our products generally and of our new product releases in
particular, potential delays or difficulties with integrating acquired
technologies, and uncertainty as to whether we will realize the anticipated
benefits from our strategic partnerships and acquisitions. In addition, our
proposed acquisitions of Servicesoft and Decisionism are subject to several
conditions to closing. These and other risks associated with Broadbase`s
business are discussed in Broadbase`s most recent annual report on Form 10-K and
quarterly report on Form 10-Q filed with the Securities and Exchange Commission.


_ Broadbase Software, Inc.
_ Condensed Consolidated Balance Sheets
_ (In thousands)
_
_
_ September 30, December 31,
_ 2000 1999
_ Assets
_ Current assets:
_ Cash & cash equivalents $138,861 $76,642
_ Short-term investments 71,367 --
_ Accounts receivable-net 14,154 2,712
_ Prepaid expenses and other current assets 5,608 1,239
_ Total current assets 229,990 80,593
_ Restricted cash 2,473 633
_ Property and equipment, net 10,459 2,868
_ Other assets 428,564 676
_ Total assets $671,486 $84,770
_
_
_ Liabilities and Stockholders` Equity
_ Current liabilities:
_ Accounts payable $3,335 $559
_ Accrued compensation 4,311 2,919
_ Accrued expenses 12,255 2,341
_ Current portion of bank line
_ of credit and notes payable 294 749
_ Deferred revenue 11,036 4,663
_ Total current liabilities 31,231 11,231
_
_ Bank line of credit and notes payable 444 333
_ Total liabilities 31,675 11,564
_
_ Stockholders` equity:
_ Common stock 47 17
_ Additional paid-in capital 825,690 124,297
_ Deferred stock compensation (37,289) (8,710)
_ Notes receivable from stockholders (450) (693)
_ Accumulated other comprehensive loss (206) (33)
_ Accumulated deficit (147,981) (41,672)
_ Total stockholders` equity 639,811 73,206
_ Total liabilities & stockholders` equity $671,486 $84,770
_
_
_ Broadbase Software, Inc.
_ Condensed Consolidated Statements of Operations
_ (in thousands, except per share amounts)
_
_ Three Months Ended Nine Months Ended
_ September 30, September 30,
_ 2000 1999 2000 1999
_ Net Revenue:
_ License $10,409 $2,114 $22,169 $4,807
_ Professional services 2,658 382 6,039 765
_ Maintenance 1,253 268 2,806 731
_ Total net revenue 14,320 2,764 31,014 6,303
_ Cost of revenue:
_ License and
_ professional services 5,546 1,232 12,592 2,592
_ Amortization of acquired
_ core and developed
_ technology 397 -- 1,058 --
_ Total cost of revenue 5,943 1,232 13,650 2,592
_ Gross margin 8,377 1,532 17,364 3,711
_
_ Operating expenses:
_ Sales & marketing 9,065 4,062 24,989 10,557
_ Research and
_ development 4,894 1,587 11,118 4,387
_ General &
_ administrative 1,756 498 4,249 1,430
_ Amortization of
_ deferred stock
_ compensation 5,534 1,976 13,437 4,448
_ Amortization of
_ intangible assets
_ and goodwill 19,299 -- 49,039 --
_ Acquired in-process
_ research and
_ development 2,843 -- 12,900 --
_ Merger expenses 6,863 -- 17,143 --
_
_ Total operating
_ expenses 50,254 8,123 132,875 20,822
_
_ Loss from operations (41,877) (6,591) (115,511) (17,111)
_ Interest income 3,704 237 9,514 431
_ Interest expense (12) (275) (312) (836)
_ Net loss $(38,185) $(6,629) $(106,309) $(17,516)
_
_ Basic and diluted net
_ loss per share $(0.80) $(0.85) ($2.39) ($3.40)
_
_ Weighted-average
_ shares used in
_ computing basic
_ and diluted net
_ loss per share 48,001 7,808 44,483 5,154

SOURCE Broadbase Software, Inc.


_CONTACT: Rusty Thomas, CFO of Broadbase Software, 650-614-8386, or
_ [e-mail]
_
_URL: http://www.broadbase.com
_http://www.prnewswire.com

_(C) 2000 PR Newswire. All rights reserved.


_
_KEYWORD: California
_INDUSTRY KEYWORD: CPR
_ MLM
_SUBJECT CODE: ERN

[zeus_]

broadvision news?

kleiner tipp:
broadvision und broadbase sind 2 verschiedene unternehmen.

lg
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[ToniMang]

Entschuldigung, war mein Fehler: die Meldung ist unter News bei Broadvision unter freerealtime.com aufgelistet.