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Author: Donde Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3069  
Subject: Re: Q2: ProForma NetProfit Date: 4/24/2002 12:04 PM
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I think they are genuinely experienceing growth, this is the part I lliked...

Over the past six months the number of Ariba products which can be used by customers today more than doubled.'

In February, Ariba officially launched the Ariba® Spend Management(TM) Suite, the first integrated solution for analysis, sourcing and procurement that allows companies to manage their full spend lifecycle from planning to payment. The new product suite included three new products: Ariba® Analysis(TM), Ariba® Contracts(TM) and Ariba® Invoice(TM), all of which became generally available during the quarter. In addition, Ariba released new versions of Ariba® Buyer(TM), Ariba® Enterprise Sourcing(TM) and Ariba® Workforce(TM).

Ariba's new products are showing early signs of success, with a number of Ariba customers purchasing the new applications to expand their spend management initiatives. CVS Pharmacy has selected Ariba Invoice to reduce costs associated with the payment process. Royal Bank of Canada has added Ariba Contracts and Ariba Invoice to its Ariba Buyer implementation. KeyCorp has selected Ariba Workforce to manage its consulting, contract and temporary labor spend.

Significant customers around the world continued to select Ariba's flagship products, Ariba Buyer and Ariba Enterprise Sourcing, during the quarter. Northrop Grumman, the second largest supplier of information technology to the federal government, is a new Ariba customer who has purchased Ariba Buyer. Adquira, the leading e-business platform in Spain has selected Ariba Enterprise Sourcing to provide sourcing services across Spain and Latin America. Cesky Mobil, a Czech-based mobile phone company and Ariba's first customer in Eastern Europe, has licensed Ariba Buyer. Nestle Mexico has purchased Ariba Buyer to automate its procurement process. Ariba also signed new deals this quarter with 3M Europe, Honeywell Federal Manufacturing and Technologies, Rochester Gas & Electric, and Towers Perrin among others.
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