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Article Excerpt
SUNNYVALE, Calif. -- Ariba(R), Inc. (Nasdaq:ARBA), the leading spend management solutions provider, today announced results for the fourth quarter and fiscal year ended September 30, 2005.
Fiscal Year Results
Total revenues for fiscal year 2005 were $323.0 million, as compared to $245.8 million for fiscal year 2004. Software license revenues were $47.8 million, as compared to $65.7 million for fiscal year 2004. Subscription and maintenance revenues were $123.4 million, as compared to $95.7 million for fiscal year 2004. Services and other revenues for the year were $151.8 million, as compared to $84.5 million for fiscal year 2004.
Net loss for fiscal year 2005 was $349.6 million, or $5.49 per share, as compared to a net loss for fiscal year 2004 of $25.2 million, or $0.51 per share. The net loss for fiscal year 2005 included charges of $20.3 million for amortization of intangible assets, $19.6 million for stock-based compensation, $247.8 million for goodwill impairment, $37.0 million for litigation provision, and $41.2 million for restructuring and integration costs. Excluding these items, total non-GAAP expenses for fiscal year 2005 were $306.7 million, resulting in non-GAAP net income of $16.4 million, or $0.24 per share.
The results for fiscal year 2005 include the results from FreeMarkets, Inc., which Ariba merged with on July 1, 2004.
Fourth Quarter Results
Total revenues for the fourth quarter of fiscal year 2005 were $77.1 million, as compared to $84.1 million for the fourth quarter of fiscal year 2004. Software license revenues for the quarter were $8.0 million, as compared to $15.6 million for the fourth quarter of fiscal year 2004. Subscription and maintenance revenues were $30.6 million, as compared to $31.1 million for the fourth quarter of fiscal year 2004. Services and other revenues for the quarter were $38.6 million, as compared to $37.4 million for the fourth quarter of fiscal year 2004.
Net loss for the fourth quarter of fiscal year 2005 was $7.3...
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