UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 18, 2004

Niku Corporation

(Exact name of registrant as specified in its charter)

Delaware	000-28797	77-0473454
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

305 Main Street

Redwood City, California 94063

(Address of principal executive offices)

Registrant’s telephone number, including area code: (650) 298-4600

Not Applicable

(Former name or former address, if changed since last report)

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(c) Exhibits.

Exhibit No.	Description
99.1	Press Release dated May 18, 2004

Item 12. Results of Operations and Financial Condition

On May 18, 2004, Niku Corporation issued a press release announcing its financial results for the quarter ended April 30, 2004. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

The Company believes that the presentation of non-GAAP pro forma information included in the press release may be of use to investors because the Company has historically provided such information and understands that some investors consider it useful in evaluating the Company’s on-going operations. The Company uses pro forma information, along with GAAP information, in evaluating the Company’s on-going operations. The non-GAAP pro forma information should be read in conjunction with the GAAP information. A reconciliation of the non-GAAP pro forma information to the GAAP information is included in the press release.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Niku Corporation
May 18, 2004	By:	/s/ MICHAEL SHAHBAZIAN
		Michael Shahbazian
		Chief Financial Officer