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Portal Software, Inc.
20883 Stevens Creek Boulevard, Cupertino, CA 95014 * (408) 343-4400
Business Description The company develops, markets and supports real-time, scable customer management and billing software for providers of Internet based services. Their Infranet software is a comprehensive solution that meets the complex, mission critical provisioning, accounting, reporting and marketing needs of provider of Internet based services.
Offering
Information

Company has
gone public

Trading As  PRSF (NASNTL) Industry  Internet (SIC 7375)
Type of Stock Offered  Common Shares Filing Date  02/26/1999
Domestic Shares Offered  4,000,000 Offer Date  05/05/1999
Foreign Shares Offered  0 Filing Range  $10.00 - $12.00
Company Shares  4,000,000 Offer Price  $14.00
Selling Shrhldrs Shares  0 Gross Spread  $0.980
Gross Proceeds  $56,000,000 Selling  $0.550
Expenses  - - Reallowance  $0.100
Post-IPO Shares  75,235,730 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
BancBoston Robertson Stephens Co-manager (415) 989-8500
CS First Boston Co-manager (212) 325-2000
Hambrecht & Quist Incorporated Co-manager (415) 439-3626
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data 01/31/1995 01/31/1996 01/31/1997 01/31/1998 01/31/1999    
Revenues   1.517 1.862 5.045 9.416 26.669 - -
Income from Oper.   -0.200 -0.485 -2.254 -7.386 -16.791 - -
Net Income   -0.197 -0.535 -2.274 -7.587 -17.071 - -
E.P.S   - - - - -0.890 - -
Revenue Growth (%)      22.74 170.95 86.64 183.231   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -3.32 - -
Cash Flow - Inv.     - - -
Cash Flow - Fin.     0.48 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 01/31/1999 Financial Ratios
Total Assets    32.34 Current Assets    27.72 Current Ratio    0.75
Total Liab.    38.90 Current Liab.    36.87 Debt Ratio    120.25%
Total Equity    -6.55 Working Cap.    -9.15 Debt to Equity Ratio    -
Cash    11.81    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes and working capital, including marketing activities and sales and marketing activities, product development and support expenditures.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Brobeck, Phleger & Harrison
Bank's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Registrar/Transfer Agent  EquiServe
Auditor  Ernst & Young
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Last updated: 01/30/2000 9:20:54 PM
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