-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DaAhKTvnq1q3fMlu0IB6ot5OS4a8KtdADPRH2Hsjz8KPGPoJvdrYT1h4q1CCJYVT x0tFe8ao0JhK6NjJ+BGMqA== 0000891618-03-005155.txt : 20031014 0000891618-03-005155.hdr.sgml : 20031013 20031014102547 ACCESSION NUMBER: 0000891618-03-005155 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031014 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031014 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOCUMENTUM INC CENTRAL INDEX KEY: 0000930885 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 954261421 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27358 FILM NUMBER: 03938162 BUSINESS ADDRESS: STREET 1: 6801 KOLL CENTER PARKWAY CITY: PLEASANTON STATE: CA ZIP: 94566-3145 BUSINESS PHONE: 9256006800 MAIL ADDRESS: STREET 1: 6801 KOLL CENTER PARKWAY CITY: PLEASANTON STATE: CA ZIP: 94566-3145 8-K 1 f93615e8vk.htm FORM 8-K DATED 10/14/2003 Documentum, Inc. Form 8-K Dated 10/14/2003
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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 Earliest Event Reported: October 14, 2003

DOCUMENTUM, INC.

(Exact name of registrant as specified in its charter)
         
Delaware   0-27358   95-4261421
(State or other jurisdiction
of incorporation or organization)
  (Commission File Number)   (IRS Employer
Identification No.)
     
6801 Koll Center Parkway, Pleasanton, California
(Address of principal executive offices)
  94566-7047
(Zip Code)

Registrant’s telephone number, including area code (925) 600-6800

N/A


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

 


Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
Item 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
SIGNATURE
INDEX TO EXHIBITS
EXHIBIT 99.1


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Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

  (c)   EXHIBITS.

  99.1   Press release announcing preliminary financial results for the quarter ended September 30, 2003.
 

Item 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

     On October 14, 2003, Documentum issued a press release announcing preliminary financial results for the quarter ended September 30, 2003. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein.

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SIGNATURE

     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.

     
    DOCUMENTUM, INC
     
    /s/ Sayed M. Darwish
   
    Sayed M. Darwish
    Vice President, General Counsel and Secretary
     
    Date: October 14, 2003

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DOCUMENTUM, INC.

Current Report on Form 8-K

INDEX TO EXHIBITS

     
Exhibit No.   Description

 
99.1   Press release announcing financial results for the quarter ended September 30, 2003.
     

-3- EX-99.1 3 f93615exv99w1.txt EXHIBIT 99.1 Exhibit 99.1 [DOCUMENTUM LOGO] NOT FOR IMMEDIATE RELEASE OCTOBER 14, 2003 PUBLIC RELATIONS CONTACT: INVESTOR RELATIONS CONTACT: Kathleen O'Boyle Janet Scott Documentum Documentum 925-600-6727 (925) 600-6474 kathleen.oboyle@documentum.com janet.scott@documentum.com DOCUMENTUM BEATS Q3 CONSENSUS REVENUE ESTIMATES MARKS EIGHTH CONSECUTIVE QUARTER OF GROWTH AND FOURTH CONSECUTIVE RECORD QUARTERLY REVENUE PLEASANTON, Calif. - October 14, 2003 - Documentum (Nasdaq: DCTM), the leading provider of enterprise content management (ECM) software, today announced preliminary financial results for its third quarter ended September 30, 2003. The company anticipates revenue for the third quarter of approximately $73.5 million, an increase of 31% over revenue of $56.3 million reported for the third quarter of 2002, and an 8% sequential increase over $68.2 million reported for the second quarter of 2003. Additionally, the company reported that of the $73.5 million in total revenue, approximately $36.0 million was license revenue, and $37.5 million was service revenue. On a GAAP basis and based on preliminary financial data, the company estimates diluted earnings per share for the third quarter of approximately $0.02 as compared to diluted earnings per share of $0.05 reported for the third quarter of 2002 and $0.01 for the second quarter of 2003. Based on preliminary financial data, the company estimates non-GAAP diluted earnings per share for the third quarter of approximately $0.11 as compared to diluted earnings per share of $0.05 reported for the third quarter of 2002 and non-GAAP diluted earnings per share $0.07 for the second quarter of 2003. Non-GAAP diluted earnings per share excludes the charges for amortization of stock-based compensation and purchased intangibles, which accounted for non-GAAP diluted earnings per share of approximately $0.02 and $0.07, respectively. The charges for amortization of stock-based compensation and purchased intangibles relate to the company's acquisition activity conducted in prior periods. These charges have been excluded from non-GAAP earnings as management does not believe that they are representative of underlying trends in the company's performance and their exclusion provides the investor with additional information to more readily compare the company's results over multiple periods. In addition, the company has historically reported non- GAAP financial results to the investment community, and we believe the inclusion of non-GAAP numbers provides consistency in our financial reporting. Finally, these non-GAAP results are the primary metric used by management for internal planning and forecasting the company's financial results in future periods. The presentation of this additional non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of the company's GAAP and non-GAAP financial results is attached at the end of this press release. The company also announced that EMC Corporation (NYSE: EMC) has signed a definitive agreement to acquire Documentum. For additional information , visit www.documentum.com. CONFERENCE CALL & WEBCAST EMC President and CEO Joe Tucci, Documentum President and CEO Dave DeWalt, and EMC Executive Vice President and Chief Financial Officer Bill Teuber will discuss the acquisition on a conference call for financial analysts, investors and the news media at 8:30 a.m. EDT, today. The dial-in numbers are 877-716-4284 (domestic) or 630-395-0047 (international). The pass code to access the call is EMC. For the general public, the call will be webcast with supporting slides at EMC and Documentum's home pages, www.emc.com and www.documentum.com. A replay of the call will be available approximately one hour following the call at 800-947-6436 (domestic) or 402-220-3494 (international). ABOUT DOCUMENTUM Documentum provides enterprise content management (ECM) solutions that enable organizations to unite teams, content and associated business processes. Documentum's integrated set of content, compliance and collaboration solutions support the way people work, from initial discussion and planning through design, production, marketing, sales, service and corporate administration. With a single platform, Documentum enables people to collaboratively create, manage, deliver and archive the content that drives business operations, from documents and discussions to email, Web pages, records and rich media. The Documentum platform makes it possible for companies to distribute all of this content in multiple languages, across internal and external systems, applications and user communities. As a result, Documentum's customers, which include thousands of the world's most successful organizations, harness corporate knowledge, accelerate time to market, increase customer satisfaction, enhance supply chain efficiencies and reduce operating costs, improving their overall competitive advantage. For more information, visit Documentum on the Web at www.documentum.com. ### DOCUMENTUM AND THE DOCUMENTUM LOGO ARE TRADEMARKS OR REGISTERED TRADEMARKS OF DOCUMENTUM, INC. IN THE US AND THROUGHOUT THE WORLD. ALL OTHER COMPANY AND PRODUCT NAMES ARE USED FOR IDENTIFICATION PURPOSES ONLY AND MAY BE TRADEMARKS OF THEIR RESPECTIVE OWNERS. DOCUMENTUM CANNOT GUARANTEE COMPLETION OF ANY FUTURE PRODUCTS OR PRODUCT FEATURES MENTIONED IN THIS DOCUMENT, AND NO RELIANCE SHOULD BE PLACED ON THEIR AVAILABILITY. PRINTED IN THE U.S.A. IN ADDITION TO HISTORICAL INFORMATION CONTAINED HEREIN, THIS NEWS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS THAT INVOLVE RISKS AND UNCERTAINTIES. THESE FORWARD-LOOKING STATEMENTS INCLUDE, BUT ARE NOT LIMITED TO, STATEMENTS RELATING TO THE COMPANY'S PRELIMINARY FINANCIAL RESULTS FOR THE QUARTER AND THE PLANNED ACQUISITION OF DOCUMENTUM BY EMC. THE COMPANY'S FUTURE ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THESE FORWARD-LOOKING STATEMENTS. FACTORS THAT COULD CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO, QUARTER-END ACCOUNTING ADJUSTMENTS OR ADJUSTMENTS REQUIRED BY THE COMPANY'S INDEPENDENT AUDITORS FOLLOWING THEIR REVIEW OF THE FINANCIAL RESULTS FOR THE QUARTER, THE RISKS THAT THE NECESSARY GOVERNMENT APPROVALS TO THE ACQUISITION MAY NOT BE OBTAINED, THAT THE OTHER CLOSING CONDITIONS TO THE ACQUISITION MAY NOT BE SATISFIED, THAT THE COMPANIES WILL NOT BE ABLE TO INTEGRATE THEIR PRODUCTS, OPERATIONS AND BUSINESS EFFECTIVELY, THAT THE COMPANIES' CUSTOMERS, SUPPLIERS AND EMPLOYEES WILL NOT SUPPORT THE ACQUISITION, AND THE OTHER GENERAL RISKS OF ACQUISITIONS. SUCH FACTORS ALSO INCLUDE THOSE DISCUSSED FROM TIME TO TIME IN THE COMPANY'S PUBLIC REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, SUCH AS THOSE UNDER "RISK FACTORS" INCLUDED IN THE COMPANY'S ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2002, AND ITS QUARTERLY REPORT ON FORM 10-Q FOR THE FISCAL QUARTER ENDED JUNE 30, 2003, AS WELL AS THE COMPANY'S OTHER FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION, WHICH ARE AVAILABLE AT WWW.SEC.GOV. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR REVISE THESE FORWARD-LOOKING STATEMENTS.
THREE MONTHS ENDED SEPTEMBER 30, 2003 UNAUDITED ------------ ------------ ------------ ------------ AMORTIZATION AMORTIZATION PURCHASED STOCK BASED GAAP INTANGIBLES COMPENSATION NON-GAAP ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ Net Income 880 3,834 984 5,698 ------------ ------------ ------------ ------------ Basic income per share $ 0.02 $ 0.07 $ 0.02 $ 0.11 Diluted income per share $ 0.02 $ 0.07 $ 0.02 $ 0.11 Shares used to compute income per share Basic 49,866 49,866 Diluted 53,044 53,044
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