Peregrine Systems(R) Announces Preliminary Fourth Quarter Results; Revenue and EPS Consistent With Company Guidance and Consensus Expectations

Apr 04, 2001, 01:00 ET from Peregrine Systems, Inc.

    SAN DIEGO, April 4 /PRNewswire/ -- Peregrine Systems, Inc. (Nasdaq:   PRGN),
 one of the world's leading software companies, today announced preliminary
 fourth quarter results in line with consensus financial analyst expectations
 and company guidance.
     For the fiscal fourth quarter ended March 31, 2001, the Company expects to
 report license revenues of approximately $105 million, total revenues of
 approximately $170 million and earnings per share of $.16.  Earnings per share
 exclude the effects of non-cash acquisition costs and other related charges.
 The results are subject to review by the Company's independent auditors.
     "Despite challenging economic conditions worldwide, we were able to meet
 our objectives for the quarter and deliver strong profitable results, the
 sixteenth consecutive quarter we have done so.  Our success reflects the
 unique value proposition we bring to the market -- removing friction, and
 therefore costs, from business processes -- especially as companies look for
 ways to optimize the use of scarce capital," stated Steve Gardner, Chairman
 and CEO of Peregrine.  "Given the unusual and highly volatile conditions of
 the stock market over the last three days, we decided it was in the best
 interests of our shareholders, customers, partners and employees to make these
 results available earlier than our scheduled release date."
     Peregrine will release final fiscal fourth quarter and year-end results on
 its regularly scheduled conference call April 26, 2001 after the market close.
 As is customary, management will update the Company's outlook for the next
 fiscal year at that time.
 
     Fourth Quarter Conference Call
     Management will host a conference call to discuss quarterly results on
 April 26, 2001 at 2:00 pm Pacific Daylight Time (5:00 pm Eastern Daylight
 Time). Anyone interested should call (212) 896-6013 and reference ID number
 18533980.  A replay of the call will be available through May 10, 2001 by
 dialing (800) 633-8284, passcode 18533980.  Additionally, a live Webcast will
 be broadcast from the company's website at www.peregrine.com and will be
 available in archive through May 26, 2001.
 
     About Peregrine
     Founded in 1981, Peregrine has matured into one of the largest software
 companies worldwide.  Peregrine supports companies with solutions that remove
 friction points in managing infrastructure assets, empowering employees and
 enabling collaborative electronic commerce.  Peregrine's Infrastructure
 Management Group (IMG) provides solutions to manage the entire life cycle of
 an organization's assets, from IT equipment and fleets of vehicles to a
 company's intangible knowledge assets.  Peregrine's Employee Relationship
 Management solutions give employees real-time tools to secure knowledge,
 services and resources from a portal accessed at a desktop computer or an
 array of mobile devices.  Peregrine's E-Markets Group (EMG) takes to market a
 digital business offering that provides a full range of software products and
 managed Internet services using Peregrine's Get2Connect(SM) global trading
 network. Peregrine EMG processes nearly 1.2 million e-Commerce transactions
 every business day and annually transacts $280 billion.  Peregrine is
 headquartered in San Diego, California and has offices throughout the world.
 For more information on Peregrine, visit http://www.peregrine.com.
 
     The foregoing presentation contains "forward-looking" statements about the
 expectations, beliefs, plans, intentions and strategies of Peregrine.  The
 ability of Peregrine to achieve its planned business objectives involves many
 risks and uncertainties.  Forward-looking statements relating to expectations
 about future events or results are based upon information available to
 Peregrine as of today's date.  Peregrine assumes no obligation to update any
 of these statements and these statements are not guarantees of Peregrine.  The
 actual results of Peregrine could differ materially from current expectations.
 The revenues and earnings of Peregrine are subject to a number of factors that
 make estimation of its future operating results extremely uncertain.  These
 factors include competition; increased competition due to Peregrine's expanded
 product offerings; risks associated with the evolving and varying demand for
 Peregrine's software products; the ability of Peregrine to expand its
 operations; litigation, including litigation over intellectual property
 rights; and general technological and economic factors.  The risks associated
 with Peregrine's business are discussed in Peregrine's Annual Report on Form
 10-K for the year ended March 31, 2000, which was filed with the Securities
 and Exchange Commission in May 2000, and in Peregrine's subsequent quarterly
 reports on Form 10-Q and its 8-Ks and other filings filed with the SEC.  You
 are encouraged to read this information carefully.
 
     Peregrine Systems is a registered trademark and Get2Connect is a service
 mark of Peregrine Systems, Inc.  All other trademarks are the property of
 their respective owners.
 
 

SOURCE Peregrine Systems, Inc.
    SAN DIEGO, April 4 /PRNewswire/ -- Peregrine Systems, Inc. (Nasdaq:   PRGN),
 one of the world's leading software companies, today announced preliminary
 fourth quarter results in line with consensus financial analyst expectations
 and company guidance.
     For the fiscal fourth quarter ended March 31, 2001, the Company expects to
 report license revenues of approximately $105 million, total revenues of
 approximately $170 million and earnings per share of $.16.  Earnings per share
 exclude the effects of non-cash acquisition costs and other related charges.
 The results are subject to review by the Company's independent auditors.
     "Despite challenging economic conditions worldwide, we were able to meet
 our objectives for the quarter and deliver strong profitable results, the
 sixteenth consecutive quarter we have done so.  Our success reflects the
 unique value proposition we bring to the market -- removing friction, and
 therefore costs, from business processes -- especially as companies look for
 ways to optimize the use of scarce capital," stated Steve Gardner, Chairman
 and CEO of Peregrine.  "Given the unusual and highly volatile conditions of
 the stock market over the last three days, we decided it was in the best
 interests of our shareholders, customers, partners and employees to make these
 results available earlier than our scheduled release date."
     Peregrine will release final fiscal fourth quarter and year-end results on
 its regularly scheduled conference call April 26, 2001 after the market close.
 As is customary, management will update the Company's outlook for the next
 fiscal year at that time.
 
     Fourth Quarter Conference Call
     Management will host a conference call to discuss quarterly results on
 April 26, 2001 at 2:00 pm Pacific Daylight Time (5:00 pm Eastern Daylight
 Time). Anyone interested should call (212) 896-6013 and reference ID number
 18533980.  A replay of the call will be available through May 10, 2001 by
 dialing (800) 633-8284, passcode 18533980.  Additionally, a live Webcast will
 be broadcast from the company's website at www.peregrine.com and will be
 available in archive through May 26, 2001.
 
     About Peregrine
     Founded in 1981, Peregrine has matured into one of the largest software
 companies worldwide.  Peregrine supports companies with solutions that remove
 friction points in managing infrastructure assets, empowering employees and
 enabling collaborative electronic commerce.  Peregrine's Infrastructure
 Management Group (IMG) provides solutions to manage the entire life cycle of
 an organization's assets, from IT equipment and fleets of vehicles to a
 company's intangible knowledge assets.  Peregrine's Employee Relationship
 Management solutions give employees real-time tools to secure knowledge,
 services and resources from a portal accessed at a desktop computer or an
 array of mobile devices.  Peregrine's E-Markets Group (EMG) takes to market a
 digital business offering that provides a full range of software products and
 managed Internet services using Peregrine's Get2Connect(SM) global trading
 network. Peregrine EMG processes nearly 1.2 million e-Commerce transactions
 every business day and annually transacts $280 billion.  Peregrine is
 headquartered in San Diego, California and has offices throughout the world.
 For more information on Peregrine, visit http://www.peregrine.com.
 
     The foregoing presentation contains "forward-looking" statements about the
 expectations, beliefs, plans, intentions and strategies of Peregrine.  The
 ability of Peregrine to achieve its planned business objectives involves many
 risks and uncertainties.  Forward-looking statements relating to expectations
 about future events or results are based upon information available to
 Peregrine as of today's date.  Peregrine assumes no obligation to update any
 of these statements and these statements are not guarantees of Peregrine.  The
 actual results of Peregrine could differ materially from current expectations.
 The revenues and earnings of Peregrine are subject to a number of factors that
 make estimation of its future operating results extremely uncertain.  These
 factors include competition; increased competition due to Peregrine's expanded
 product offerings; risks associated with the evolving and varying demand for
 Peregrine's software products; the ability of Peregrine to expand its
 operations; litigation, including litigation over intellectual property
 rights; and general technological and economic factors.  The risks associated
 with Peregrine's business are discussed in Peregrine's Annual Report on Form
 10-K for the year ended March 31, 2000, which was filed with the Securities
 and Exchange Commission in May 2000, and in Peregrine's subsequent quarterly
 reports on Form 10-Q and its 8-Ks and other filings filed with the SEC.  You
 are encouraged to read this information carefully.
 
     Peregrine Systems is a registered trademark and Get2Connect is a service
 mark of Peregrine Systems, Inc.  All other trademarks are the property of
 their respective owners.
 
 SOURCE  Peregrine Systems, Inc.