'It Was a Very Good Year' for Allaire

Allaire Corporation has reported record financial results for the fourth quarter and year ended December 31, 1999, above analysts' expectations. Revenues for the quarter were $18.3 million, a 164% increase over the fourth quarter of 1998, and a 22% increase over the third quarter of 1999. The result: earnings for the quarter of $478,000, or 3 cents per share, compared with a loss of $4.3 million, or 54 cents per share, for the same period in 1998. This is the first quarter that Allaire stock has turned a profit.

For the fiscal year overall, Allaire lost $2.6 million, or 22 cents a share, on sales of $55.2 million, compared to a loss of $17.1 million, or $2.20 a share, on sales of $21.4 million in fiscal 1998.

The press release, noted below, also discusses Allaire's acquisitions of Bright Tiger Technologies, Inc., Live Software, Inc. and Valto Systems, Inc., as well as new business, product offerings, partnerships, industry recognition, and the just-announced proposed two-for-one split of the Company's outstanding shares of common stock (see previous article).

Allaire Press Release: "Allaire Announces Year-End Results and Profitable Fourth Quarter"
Computer Reseller News: "Allaire Shares Climb After Posting Solid 4Q Results"
ZDII: "Net Earnings Roundup: Allaire, Proxicom Shine"
CNET News: "Allaire Taking on the Tech Giants and Thriving"
On24.com Interview with David Orfeo, Allaire President and CEO, on Stock Split

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