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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) September 2, 1999
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STERLING COMMERCE, INC.
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(Exact Name of Registrant as Specified in Charter)
State of Delaware 1-14196 75-2623341
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
300 Crescent Court, Suite 1200, Dallas, Texas 75201
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (214) 981-1100
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ITEM 5. Other Events.
In a press release dated August 5, 1999 Sterling Commerce, Inc. (the
"Company") announced that it intended to divest itself of its Managed Systems
Division, which operates the business acquired from Xcellenet, Inc. Set forth
below is unaudited financial information representing the quarterly results of
the Managed Systems Division from the date of acquisition, July 21, 1998,
through June 30, 1999, the end of the Company's most recently reported fiscal
quarter.
Sterling Commerce, Inc.
Managed Systems Division
Statements of Operations
(in thousands)
(unaudited)
<TABLE>
<CAPTION>
Quarter Ended
June 30, March 31, Dec. 31, Sept. 30,
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1999 1999 1998 1998
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<S> <C> <C> <C> <C>
Revenue:
Products.................................... $ 7,850 $ 9,820 $ 6,832 $ 7,797
Product support............................. 5,681 5,615 4,964 3,349
Services.................................... 1,467 1,352 933 753
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14,998 16,787 12,729 11,899
Costs and expenses:
Costs of sales:
Products and product support................ 4,715 4,380 4,236 1,354
Services.................................... 922 1,378 971 622
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5,637 5,758 5,207 1,976
Product development and enhancement expenses 1,543 1,731 1,765 1,262
Selling, general and administrative expenses 6,904 7,297 5,945 6,421
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14,084 14,786 12,917 9,659
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Income (loss) before other income and 914 2,001 (188) 2,240
income taxes................................
Other income.................................. 33 13 23
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Income (loss) before income taxes............. 947 2,014 (165) 2,240
Provision for income taxes.................... 753 1,164 331 862
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Net income (loss)............................. $ 194 $ 850 $ (496) $ 1,378
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
STERLING COMMERCE, INC.
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(Registrant)
Date September 2, 1999 By /s/ Steven P. Shiflet
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Steven P. Shiflet
Senior Vice President and Chief
Financial Officer
