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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q/A
(MARK ONE)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED AUGUST 31, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM
--------------- TO ---------------
COMMISSION FILE NUMBER: 0-26880
VERITY, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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<S> <C>
DELAWARE 77-0182779
(STATE OR OTHER (I.R.S.
JURISDICTION OF EMPLOYER
INCORPORATION OR IDENTIFICATION
ORGANIZATION) NO.)
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894 ROSS DRIVE
SUNNYVALE, CALIFORNIA 94089
(408) 541-1500
(ADDRESS AND TELEPHONE NUMBER OF PRINCIPAL EXECUTIVE OFFICES)
Indicate by check mark whether registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
YES [ ] NO [X]
The number of shares outstanding of the Registrant's Common Stock, $0.001
par value, was 10,751,519 as of August 31, 1996.
This report consists of 2 pages.
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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.
VERITY, INC.
By: /s/ DONALD C. MCCAULEY
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Donald C. McCauley
Chief Financial Officer
(Principal Financial and Accounting
Officer)
Dated: December 10, 1996
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<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from (a) the
condensed consolidated balance sheet at August 31, 1996 (unaudited) and the
consolidated statement of operations for the three months ended August 31, 1996
(unaudited) and is qualified in its entirety by reference to such (b) financial
statements.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAY-31-1997
<PERIOD-START> JUN-01-1996
<PERIOD-END> AUG-31-1996
<EXCHANGE-RATE> 1
<CASH> 1,099
<SECURITIES> 28,215
<RECEIVABLES> 9,002
<ALLOWANCES> 431
<INVENTORY> 0
<CURRENT-ASSETS> 39,257
<PP&E> 15,602
<DEPRECIATION> 6,708
<TOTAL-ASSETS> 61,984
<CURRENT-LIABILITIES> 9,759
<BONDS> 526
0
0
<COMMON> 11
<OTHER-SE> 51,688
<TOTAL-LIABILITY-AND-EQUITY> 61,984
<SALES> 7,229
<TOTAL-REVENUES> 8,812
<CGS> 616
<TOTAL-COSTS> 1,489
<OTHER-EXPENSES> 9,203
<LOSS-PROVISION> 146
<INTEREST-EXPENSE> 43
<INCOME-PRETAX> (1,283)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,283)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,283)
<EPS-PRIMARY> (0.12)
<EPS-DILUTED> (0.12)
</TABLE>
