Ariba Earnings to Beat Forecasts

FRAMINGHAM (04/05/2000) - Business-to-business e-commerce software vendor Ariba Inc. in Mountain View, California, yesterday said its quarterly earnings will be 25 percent to 30 percent higher than analysts expected, making the quarter ending March 31 its largest ever.

Ariba will make its formal earnings announcement for the quarter on April 12, and the news is expected to be rosy for the company's investors.

"During the second quarter, demand for Ariba's B-to-B commerce platform and Ariba B-to-B commerce services exceeded our expectations," said Edward P.

Kinsey, executive vice president and chief financial officer at Ariba, in a statement. "As a result, we expect to report revenues for the quarter in the range of $36 million to $38 million, approximately 25 percent to 30 percent higher than analyst expectations."

Ariba said more than 20 companies in the Fortune 100 use its e-commerce platform.

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