said revenue in 2002 will be higher than previously estimated, and the company expects to be profitable in the year.
The business software maker said it expects revenue of $212 million to $218 million in fiscal 2002 and earnings of 4 cents to 6 cents a share; analysts were expecting the company to lose 3 cents a share. The estimate includes Documentum's recent acquisition of Bulldog Group.
The company didn't comment on expectations for its current quarter, but said for the first quarter of 2002, it expects revenue of $46 million to $48 million and a loss of 10 cents to 13 cents a share.
The company's shares rose as high as $18.01 in after-hours trading last night after ending the regular session at $17.