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Altiris Reports Strong Fourth Quarter and Fiscal Year 2004 Financial Results.

Article Excerpt
Altiris, Inc. , a pioneer of IT lifecycle management solutions that reduce the total cost of owning information technology, today announced financial results for the fourth quarter and fiscal year ended December 31, 2004.

For the fourth quarter, the Company reported total revenue of $48.4 million, an increase of 60 percent over $30.3 million reported in the fourth quarter of 2003 and an increase of 19 percent over $40.7 million reported in the third quarter of 2004. Net income for the fourth quarter was $6.5 million, or $0.23 per diluted share, including charges of $1.5 million related to amortization of acquired intellectual property, $693,000 of amortization of intangible assets, and $157,000 in stock-based compensation. This compares to net income of $4.4 million, or $0.16 per diluted share, reported in the fourth quarter of 2003, and net income of $3.4 million, or $0.12 per diluted share, reported in the third quarter of 2004.

On a pro forma basis, the Company reported net income of $7.9 million, or $0.28 per diluted share, for the fourth quarter of 2004, excluding the above-mentioned charges and applying a tax rate of 35 percent. This compares to pro forma net income of $4.0 million, or $0.15 per diluted share, reported in the fourth quarter of 2003, and pro forma net income of $5.2 million, or $0.19 per diluted share, reported in the third quarter of 2004.

For calendar year 2004, the Company reported revenue of $166.6 million, which represents a 68 percent increase over $99.3 million in revenue reported in calendar year 2003. In addition, the Company reported net income for common shares of $16.7 million, or $0.61 per diluted share, which...