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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 23, 1998
COMMISSION FILE NUMBER 000-22647
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PERITUS SOFTWARE SERVICES, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Massachusetts 04-3126919
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(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
Two Federal Street, Billerica, Massachusetts 01821-3540
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(Address of Principal Executive Offices) (Zip Code)
(978) 670-0800
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name, Former Address and Former Fiscal Year,
If Changed Since Last Report)
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Item 5. Other Events
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(a) On September 23, 1998, Peritus Software Services, Inc. (the "Company")
announced its preliminary results for the quarter ending September 30,
1998 based on information then available. The Company stated that
total revenue in the 1998 third quarter is expected to be between $4.2
million and $7.7 million, and that the Company expects a net loss for
the quarter (excluding any restructuring charge) of between $8.2
million and $4.7 million. The Company stated that it would announce
later in September 1998 the details of a restructuring charge to be
incurred in the third quarter of the 1998 fiscal year. In addition,
the Company stated that it plans to announce its final 1998 third
quarter results in late October 1998.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(a) Financial Statements of Business Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
99. Press Release dated September 23, 1998.
SIGNATURES
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 thereunto duly authorized.
Dated: September 28, 1998
PERITUS SOFTWARE SERVICES, INC.
BY: /s/ John D. Giordano
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Name: John D. Giordano
Title: Vice President, Finance
and Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99 Press Release dated September 23, 1998
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CONTACT: Jacqueline Crowley
Investor Relations
Peritus Software Services, Inc.
978/670-0800
Fax: 978/670-2060
Internet: [email protected]
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PERITUS SOFTWARE SERVICES, INC.
COMMENTS ON THIRD QUARTER OUTLOOK
BILLERICA, MASS. -- SEPTEMBER 23, 1998 -- Peritus Software Services, Inc.
(Nasdaq:PTUS) today announced its preliminary results for the quarter ending
September 30, 1998 based on information available to date. Total revenue in the
1998 third quarter is expected to be between $4.2 million and $7.7 million, and
the Company expects a net loss for the quarter (excluding any restructuring
charge) of between $8.2 million and $4.7 million. Later this month, the Company
plans to announce the details of a restructuring charge to be incurred this
quarter.
The Company plans to announce its final 1998 third quarter results in late
October.
ABOUT PERITUS
Founded in 1991, Peritus Software Services, Inc. is a leading provider of
software maintenance outsourcing services. The Peritus Software Asset
Maintenance (SAM) offerings enable organizations to transform the maintenance
process into an efficient, cost-effective discipline that boosts productivity
and performance. SAM offerings include customized services for software
providers, information systems organizations, and Year 2000 renovations.
Peritus is headquartered in Billerica, MA, with offices worldwide. For more
information, see the Peritus web site at http://www.peritus.com.
This press release may contain certain forward-looking statements, which involve
risks and uncertainties. The Company's actual results may differ materially from
the results discussed in such statements. Certain factors that could cause
actual results to differ materially from those discussed in such forward-looking
statements include the risks described in the Company's Annual Report on Form
10-K for the year ended December 31, 1997, the Quarterly Report on Form 10-Q for
the quarter ended June 30, 1998, and other public filings made by Peritus with
the Securities and Exchange Commission, which factors are incorporated herein by
reference.
Peritus is a registered trademark and Software Asset Maintenance is a
servicemark of Peritus Software Services, Inc.
