Estimated Revenues In Line with Prior Company Guidance
Sunnyvale, Calif. - 2001-06-07 - Verity, Inc. (NASDAQ: VRTY), a leading provider of infrastructure software powering enterprise and e-commerce portals as well as e-business applications, today announced it expects to report record revenues for its fiscal fourth quarter, which ended May 31, 2001. The Company anticipates reporting revenues of approximately $41 million for the quarter, an increase of approximately 35 percent over the same period last year. This is consistent with revenue projections provided by the Company on March 14, 2001. Revenues for the fiscal year ending May 31, 2001 are expected to show growth of about 51 percent over the prior year.
"To be able to report that Verity's expected fourth-quarter revenues will be consistent with guidance provided during our last quarterly earnings briefing is very satisfying," said Gary J. Sbona, Verity's chairman and chief executive officer. "Normally we would not pre-announce preliminary results that are consistent with our guidance, but current marketplace conditions plus disappointing performances of several companies in our sector prompted us to take this action."
These results are preliminary, subject to the Company closing its books and the Company's management and independent auditors completing their customary year-end review. Verity plans to announce actual results June 20, 2001.
This press release contains forward-looking statements relating to the Company's estimated results for its fourth quarter and fiscal year. The estimated results are subject to change based upon adjustments, if any, of reserves, revenues and expense levels and other provisions in connection with the preparation of the Company's final financial statements for the fiscal year ended May 31, 2001. Other risks relating to the Company are as set forth in the Company's Form 10-K and Form 10-Q's as filed with the Securities and Exchange Commission.
About Verity
Headquartered in Sunnyvale, California, Verity is a leading provider of business portal infrastructure software. Verity software gives businesses a multitude of ways to improve access to vital information and perform a range of e-business operations, while enhancing the end-user experience. Verity-powered business portals, which include corporate portals used for sharing information within an enterprise; e-commerce portals for online selling; and market exchange portals for B2B activities, all provide personalized information to employees, partners, customers and suppliers. In addition, most leading software vendors, as part of their e-business applications, utilize Verity technology.
Verity products are used by 80 percent of the Fortune 50 and by more than 1,000 corporations in various markets. Clients include Adobe Systems, American Greetings, AT&T, CDNOW, Chapters, Cisco, CNET, Compaq, Dow Jones, Edgar Online, Ernst & Young, Fairmarket, Financial Times, Globe and Mail, Home Depot, Lotus, NewsEdge Corporation, SAP, Siemens, Snap.com, Sybase, Time New Media and Timex.
For more information, contact Verity at info@verity.com or at World Wide Web site http://www.verity.com or call 408-541-1500.
Verity and the Verity logo are registered trademarks or trademarks of Verity, Inc.
Summary: ...Ruby Tuesday - Case Study. “Now a single auditor can support as many 42 restaurants. This is a significant advantage for Ruby Tuesday thanks to Autonomy Capture.” Nick Ibrahim, Ruby Tuesday’s Senior Vice President and Chief Technology Officer, says Autonomy Capture contributed compelling employee...
Summary: ...AiO system we found everything we were looking for in a storage solution – ease-of-use, data mirroring, scalability and reliability – at a price that fit our budget.” − Michael Altynikov, Chief Information Officer, City of Ariel Objective: Provide highly available, easily-managed shared storage...
Summary: ...paper documents, while RecordsManager delivered the single policy management and application engine to manage those records consistently regardless of location, media type or system. Phase I of the project—an electronic records and document management system (EDMS) with evidence linking - was implemented....
Summary: ...Case Study: Prologue Research. www.cardiff.com patient participating in the clinical trial. As the study progresses, researchers complete the appropriate case books. As they are completed, the pages are immediately faxed to Prologue where the data is passed from RightFax servers to the TeleForm optical...
Summary: ...for girls and boys aged 2-14 and Baby Boden for newborns to two-year-olds. A byword for aspirational casual clothing, Boden is considered amongst the most successful of a new range of catalogues competing with the high street. With only two bricks-and-mortar stores in the UK, Boden’s main revenues derive...
Summary: ...sending and receiving documents, and generating new versions by roughly 50 – 60 percent, and people are reaching their productivity targets faster,” Khalil estimates. “That alone paid for WorkSite within a year.” The time and cost required to post tax refunds have both been reduced, enhancing...
Summary: ...retail giant, which has seen sales during last two years skyrocket. Today, the company reaches 95 percent of the UK population, providing items to an estimated 4,000 customers per day. There are two key reasons for Tesco’s continued success. First is its tremendous market penetration in the U.K. (over...
Summary: ...is how the DOT currently creates a summary report for the federal government. The system will also reject undocumented, poorly documented, and fraudulent claims resulting in estimated cost-savings of $30,000 per month. Case Study City of Los Angeles Industry: Government Application: Public transportation...
Summary: ...files kept growing, creating a storage predicament. About 4 TB of storage space was being consumed by PST files, which was 50 percent of overall storage capacity. Challenges • Reduce the storage capacity taken up by an estimated 4 TB of personal archiving files (PST) • Reduce time and cost of backup...
Summary: ...limited knowledge with the application, and the center was not able to use the application to its full advantage for almost a year after successfully completing the first outside contract using TeleForm. Stagg contacted Sue Baker, an account executive at Scantron, to inquire about additional training....
Summary: ...these suppliers Benefits of Using Autonomy Optimost • A rebuilt website based on Autonomy Optimost findings has helped more than double key conversion metrics such as completing an RFQ and clicking through to an industrial supplier’s website • Increased usability drives increased value for ThomasNet’s...
Summary: ...the Central Statistics Office The Central Statistics Office (CSO) is the government agency responsible for the collection, compilation, analysis and dissemination of statistical information relating to the economic and social life of Ireland. It is also responsible for coordinating official statistics...
This is a small selection of the Autonomy case studies available, please visit our publications site at http://publications.autonomy.com/ for more information.
Summary: ...Litigation Lifecycle Management Module tracks data from preservation and collection through processing, review and production. Organizations can automatically track data through an intuitive dashboard, provide a projected completion time, properly budget and minimize costs. ALH can automatically estimate,...
Summary: ...and production. Organizations can automatically track data through an intuitive dashboard, provide a projected completion time, properly budget and minimize costs. ALH can automatically estimate, manage and track expenses throughout the litigation process to ensure the most cost effective process available....
Summary: ...by allowing existing servers and staff to support additional clients. EAS ensures single-instance storage when archiving across multiple Exchange e-mail stores. A number of industry analysts estimate that there are, on average, three copies of every e-mail message (and associated attachments) on corporate...
Summary: ...preparedness costs: Estimated Storage Volume Reduction • 25%-35%: Real-time categorization filters out content not subject to compliance •35% -40%: Deduplication reduces number of copies stored •80 %-100%: Defensible reduction in data stored longer than required by compliance or litigation Estimated...
Summary: ...ECA, review and production tasks • Text, audio, voice, and social media together with structured data on a single platform, with support for 150+ languages and 1000 file types • Conceptual, keyword and Boolean search, with Automatic Query Guidance, search filters and search facets speed identification...
Summary: ...integrated with the Connected Backup architecture—that so many enterprises rely upon to protect endpoint data. Connected Backup features policy-based controls that enable enterprises to provision specific user(s) with mobile capabilities and to control the types of information that are accessible to...
Summary: ...Comprehensive Information Management Solutions from HP and KPMG - US English. CIM also deals with key issues relating to your information overload by applying corporate-wide processes for data retention—helping you understand what to keep and for how long. You can implement policies and lifetime management...
Summary: ...Meridio 5 0 Release Summary. If Meridio has all of the information it needs, then it can classify the record with no further user interaction. Otherwise, the user is prompted to provide more information. • When used automatically, if there is no information to define the record, it is placed in a holding...
Summary: ...can be automated and run as a centrally controlled process. HP TRIM is designed to the international standards of records management—ISO 15489: 2001 standard. Certified against U.S. Department of Defense 5015.2 v3 Chapter 2 (mandatory requirements), Chapter 3 (classified records), and Chapter 4 (Privacy...
Summary: ...Federal Information Processing Standard (FIPS) 140-2 Level 1 validated cryptographic module for Windows XP and Windows 7 personal computers, and Windows 2003 servers, per the FIPS 140-2 Implementation Guidance section G.5 guidelines. • The Connected Classify & Collect end-user interfaces comply with...
Summary: ...loss of over $17.5 billion per year. In addition, the US Department of Justice estimates that insider theft is growing at 15% annually, while independent research in America estimates that more than 75% of thefts go undetected. Virage’s Electronic Point Of Sale (EPOS) monitoring solution detects and...
Summary: ...Autonomy Virage Container Surveillance Management Product Brief. Autonomy Systems Product Ltd.Brief Container Surveillance Management Autonomy Virage’s Container Surveillance Management (CSM) solution, automates monitoring and tracking operations Experts estimate that there are up to 19 million containers...
This is a small selection of the Autonomy Product Briefs available, please visit our publications site at http://publications.autonomy.com/ for more information.
Summary: ...on behalf of the fee-earner. BPM is all about this closer integration of technology and human work. If just two extra units – and this is a conservative estimate of the amount of time that is missed – are captured then a 50 fee-earner fi rm could add close to £500,000 in revenues to the profi t and...
Summary: ...in circles completely. 1. ?? ?????? ?? ?? ???? ?? ?? ?? ?? ?? ?? ?? ???? ?? ?? ?? ???? from line 39 of your Form 1040, line 25 of Form 1040A, line 6 of Form 1040EZ, or line K of TeleFile Tax Record Your social security number -- Spouse's social security number -- Were you required to pay estimated federal...
Summary: ...and publish financial statements that reflect that condition. Reg D: Maintain reserve balances either with their Federal Reserve Bank or as cash Reg F: Limits the risks that the failure of a depository institution would pose to an insured depository institution Reg K: Governs the international banking...
Summary: ...order processing • An increase in indirect revenues, as existing online customers recommend the site to others For further information, please refer to the Autonomy for eCommerce White Paper. Enterprise Search Analysts estimate that 80% of information stored in the enterprise is unstructured, including...
Summary: ...up residence in a hodge-podge of hard drives, disk drives, tape drives, laser disks, compact disks and network servers of all sizes and types throughout the enterprise. Analysts estimate that 30 percent of stored email records and their attachments can be eliminated because they are redundant copies....
Summary: ...26 This includes the states of Alaska, California, Florida, Hawaii, Illinois, Louisiana, Montana, New York, South Carolina, and Washington. 27 CA Labor Code § 96(k); N.Y. Labor Code § 201-d (2004); N.D. Cent. Code § 14-02/4-03 (2003); Colo. Rev. Stat. § 24-34-402.5 (2004) In addition, employees, including...
Summary: ...depreciated over the life of the hardware, typically 36 months. As with software, hardware maintenance may be charted as a percentage of the total hardware costs (for instance, 15 percent). Alternatively, it may be necessary to track the warranty periods for different servers supported and estimate the...
Summary: ...Best Practices for Ensuring You and Your Data Are Prepared for the Changes to the Federal Rules of Civil Procedure (FRCP). ZANTAZ’ comprehensive list of features and functionality, unique to the content archiving and electronic discovery markets, allows you to rely on just one vendor – effectively...
Summary: ...were drawn from the different business areas and almost always, there was a crossover of stakeholders from different business units. This stimulated debates over differences and similarities from area to area. It seeded understanding across units that wouldn’t normally associate with each other. • The...
Summary: ...2009/PSI. GeithnerResponses.012209.pdf 29 Harrington, Shannon and Richard, Cristine. Credit Swaps Move Closer to Regulation With NY Plan. http://www.bloomberg.com/apps/news?pid=20601087&refer=ho me&sid=akmnbe4McIsI. In testimony, SEC Chairman Cox estimated the CDS market at $58 trillion. http://www.sec.gov/...
Summary: ...estimated in the billions of dollars to a region still reeling from Hurricane Katrina. The disastrous conditions left behind by Katrina and Rita reminds us that preparation can be key to survival. And for businesses of all types and in all industries, a tried and tested contingency plan is essential in...
Summary: ...with no tuning required. However, this idea demonstrates a naïve understanding of enterprise demands, for not even the best of automated systems can anticipate the special needs of each enterprise. These “black boxes” offer only a few, if any, tuning options for relevancy and do not reveal how the...
This is a small selection of the Autonomy White Papers available, please visit our publications site at http://publications.autonomy.com/ for more information.
Related Case Studies
Find us on Facebook
Follow us on Twitter
See us on YouTube
Find us on LinkedIn
