<PAGE>   1

--------------------------------------------------------------------------------

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                 --------------

                                    FORM 10-Q

[X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
      OF THE SECURITIES EXCHANGE ACT OF 1934
                 For the Quarterly Period Ended March 31, 2000

[ ]   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 000-22649

                                ARIS CORPORATION
             (Exact name of registrant as specified in its charter)

<TABLE>
<S>                                                    <C>
                    WASHINGTON                                   91-1497147
 (State or other jurisdiction of incorporation or      (I.R.S. Employer Identification
                  organization)                                    Number)


             2229 - 112TH AVENUE N.E.                          (425) 372-2747
         BELLEVUE, WASHINGTON 98004-2936               (Registrant's telephone number,
     (Address of principal executive office)                including area code)
</TABLE>

        Indicate by check mark whether the 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 for such reports), and

        (2) Has been subject to such filing requirements for the past 90 days.
Yes [X] No [ ]

        The number of shares outstanding of the registrant's common stock as of
May 1, 2000 was 12,859,304.

--------------------------------------------------------------------------------


<PAGE>   2

                                ARIS CORPORATION
                                    FORM 10-Q


INDEX                                                                       PAGE

PART I.      FINANCIAL INFORMATION

Item 1                  Financial Statements

                        a)  Condensed Consolidated Balance
                            Sheets as of March 31, 2000 and
                            December 31, 1999                                3

                        b)  Condensed Consolidated Statements of
                            Operations for the Quarters Ended
                            March 31, 2000 and 1999                          4

                        c)  Condensed Consolidated Statements of
                            Cash Flows for the Quarters Ended
                            March 31, 2000 and 1999                          5

                        d)  Condensed Consolidated Statement of
                            Changes in Shareholders' Equity as
                            of March 31, 2000                                6

                        e)  Notes to Condensed Consolidated
                            Financial Statements                            6-8

Item 2                  Management's Discussion and Analysis of
                        Financial Condition and Results of
                        Operations                                          9-14

Item 3                  Qualitative and Quantitative Disclosures
                        About Market Risk                                    14

PART II.     OTHER INFORMATION

Item 1                  Legal Proceedings                                    15

Item 2                  Changes in Securities                                15

Item 3                  Defaults Upon Senior Securities                      15

Item 4                  Submission of Matters to a Vote of                   15
                        Security Holders

Item 5                  Other Information                                    15

Item 6                  Exhibits and Reports on Form 8-K                     15

                                     Page 2
<PAGE>   3

                                     PART I
                              FINANCIAL INFORMATION


ITEM 1.   FINANCIAL STATEMENTS

ARIS CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except for share data)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                             MARCH 31,       DECEMBER 31,
                                                               2000             1999
                                                            -----------      -----------
                        Assets                              (unaudited)
<S>                                                          <C>             <C>
Current assets:
       Cash and cash equivalents                             $  8,564         $ 10,500
       Accounts receivable, net of allowance for
          doubtful accounts of $3,031 and $2,497               26,976           27,600
       Other current assets                                     9,841            8,608
                                                             --------         --------
          Total current assets                                 45,381           46,708
Property and equipment, net                                    13,249           14,833
Intangible and other assets, net                               10,165           13,041
                                                             --------         --------
          Total assets                                       $ 68,795         $ 74,582
                                                             ========         ========

          Liabilities and Shareholders' Equity

Current liabilities:
       Accounts payable                                      $  2,711         $  3,056
       Accrued liabilities                                      7,256            8,480
       Deferred revenue                                         3,536            2,366
                                                             --------         --------
          Total current liabilities                            13,503           13,902
                                                             --------         --------
Deferred income taxes                                             330              546
                                                             --------         --------

Commitments and contingencies
Shareholders' equity:
       Preferred stock, 5,000,000 shares authorized,
          none issued and outstanding                              --               --
       Common stock, no par value; 100,000,000 shares
          authorized; 12,857,484 issued and outstanding            --               --
       Additional paid-in-capital                              56,322           54,904
       Retained (deficit) earnings                             (1,073)           5,433
       Accumulated other comprehensive income (loss)             (287)            (203)
                                                             --------         --------
          Total shareholders' equity                           54,962           60,134
                                                             --------         --------
          Total liabilities and shareholders' equity         $ 68,795         $ 74,582
                                                             ========         ========
</TABLE>

The accompanying notes are an integral part of these condensed consolidated
financial statements.
--------------------------------------------------------------------------------

                                     Page 3
<PAGE>   4

ARIS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except for per share data)  (Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                              FOR THE QUARTER ENDED
                                                           --------------------------
                                                           MARCH 31,        MARCH 31,
                                                             2000             1999
                                                           --------         --------
<S>                                                        <C>              <C>
Revenue, net:
  Consulting ......................................        $ 15,495         $ 17,932
  Training ........................................           7,481            9,864
  Software ........................................           1,801            2,424
                                                           --------         --------
     Total revenue ................................          24,777           30,220
Cost of revenue ...................................          14,568           14,845
                                                           --------         --------
     Gross profit .................................          10,209           15,375
Selling, general and administrative expenses ......          14,207           12,790
Reorganization costs ..............................           4,000               --
Amortization of intangible assets .................             995              178
                                                           --------         --------
     Income (loss) from operations ................          (8,993)           2,407
Other income, net .................................             203              166
                                                           --------         --------
     Income (loss) before income tax ..............          (8,790)           2,573
Income tax expense (benefit) ......................          (2,284)             980
                                                           --------         --------
Net income (loss) .................................        $ (6,506)        $  1,593
                                                           ========         ========
Basic earnings (loss) per share ...................        $  (0.51)        $   0.14
                                                           ========         ========
Weighted average number of common shares - Basic ..          12,780           11,227
                                                           ========         ========
Diluted earnings (loss) per share .................        $ ( 0.51)        $   0.14
                                                           ========         ========
Weighted average number of common and common
     potential shares - Diluted ...................          12,780           11,750
                                                           ========         ========
</TABLE>

The accompanying notes are an integral part of these condensed consolidated
financial statements.
--------------------------------------------------------------------------------

                                     Page 4
<PAGE>   5

ARIS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)   (Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                  FOR THE QUARTER ENDED
                                                                --------------------------
                                                                MARCH 31,        MARCH 31,
                                                                  2000             1999
                                                                --------         --------
<S>                                                             <C>              <C>
Net cash (used in) provided by operating activities ....        $ (2,761)        $    291
                                                                --------         --------

Cash flows from investing activities:
   Sales of investments in marketable securities .......              --            4,506
   Purchases of property and equipment .................            (509)            (473)
                                                                --------         --------
   Net cash (used in) provided by investing activities .            (509)           4,033
                                                                --------         --------

Cash flows from financing activities:
   Repurchase of Common Stock ..........................              --           (3,073)
   Proceeds from issuance of Common Stock ..............             457               --
   Proceeds from exercise of stock options .............             695              125
   Tax benefit of stock options exercised ..............             266               27
                                                                --------         --------
   Net cash provided by (used in) financing activities .           1,418           (2,921)
                                                                --------         --------

Net (decrease) increase in cash ........................          (1,852)           1,403
Effect of exchange rate changes on cash and cash
       equivalents .....................................             (84)            (214)
Cash and cash equivalents at beginning of period .......          10,500            5,225
                                                                ========         ========
Cash and cash equivalents at end of period .............        $  8,564         $  6,414
                                                                ========         ========
</TABLE>


The accompanying notes are an integral part of these condensed consolidated
financial statements.
--------------------------------------------------------------------------------

                                     Page 5

<PAGE>   6

ARIS CORPORATION

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
(In thousands, except for share data) (Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                           COMMON STOCK
                                        --------------------                             ACCUMULATED
                                                                                            OTHER
                                                              ADDITIONAL     RETAINED   COMPREHENSIVE       TOTAL
                                         SHARES                 PAID-IN     (DEFICIT)      INCOME       SHAREHOLDERS'
                                         ISSUED     AMOUNT      CAPITAL      EARNINGS      (LOSS)          EQUITY
                                        ----------  --------  ------------  ----------- -------------  --------------
<S>                                     <C>         <C>       <C>           <C>         <C>            <C>
Balance at December 31, 1999            12,646,000  $   --      $ 54,904      $ 5,433      $ ( 203)       $ 60,134
Shares issued under employee stock
  purchase plan                            146,000                   695                                       695
Stock options exercised                     65,000                   457                                       457
Tax benefit related to stock option                                  266                                       266
  exercises
Comprehensive income (loss):
    Net income                                                                 (6,506)
    Other comprehensive income (loss),
      net of tax:
    Foreign currency translation
      adjustments                                                                              (84)
          Comprehensive income (loss)                                                                       (6,590)
                                        ==========  ========  ============  =========== =============  ==============
Balance at March 31, 2000               12,857,000  $   --      $ 56,322      $ (1,073)    $  (287)       $ 54,962
                                        ==========  ========  ============  =========== =============  ==============
</TABLE>


The accompanying notes are an integral part of these condensed consolidated
financial statements.


ARIS CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
--------------------------------------------------------------------------------

1.  The unaudited financial information furnished herein, in the opinion of
    management, reflects all adjustments consisting only of normal, recurring
    adjustments which are necessary to state fairly the condensed consolidated
    balance sheets, and condensed consolidated statements of operations, of cash
    flows and of changes in shareholders' equity of Aris Corporation ("Aris" or
    the "Company") as of and for the periods indicated. Aris presumes that users
    of the interim financial information herein have read or have access to the
    Company's audited consolidated financial statements and Management's
    Discussion and Analysis of Financial Condition and Results of Operations for
    the preceding fiscal year.


                                     Page 6
<PAGE>   7


2.  Basic earnings per share is calculated as income available to common
    shareholders divided by the weighted average number of Common Stock
    outstanding during the periods. Diluted earnings per share is based on the
    weighted average number of shares of Common Stock and potential common stock
    outstanding during the periods, including options and warrants computed
    using the treasury stock method.

    The difference between the weighted average number of common shares
    outstanding used to calculate basic earnings per share and the weighted
    average number of common and common potential shares outstanding used to
    calculate diluted earnings per share is the incremental shares attributed to
    outstanding options and warrants to purchase Common Stock computed using the
    treasury stock method:

<TABLE>
<CAPTION>
                                                For the Quarter Ended March 31,
                                                -------------------------------
                                                    2000              1999
                                                -----------        ------------
<S>                                             <C>                <C>
        Weighted average number of common
              shares outstanding                 12,780,000        11,227,000
        Effect of dilutive options                       --           523,000
                                                 ----------        ----------
        Weighted average number of common
              and potential common shares
              outstanding                        12,780,000        11,750,000
                                                 ==========        ==========
</TABLE>

    Dilutive securities include options and warrants on an as if converted
    basis. Potentially dilutive securities totaling 601,000 for the quarter
    ended March 31, 2000, were excluded from diluted loss per share because of
    their anti-dilutive effect.

3.  Aris is engaged in three distinct businesses consisting of information
    technology consulting services, information technology training and software
    sales. Total net revenue by segment represents sales to unaffiliated
    customers. Inter-segment sales have been eliminated. Income (loss) from
    operations is used to measure the results of the operating segments.
    Summarized financial information by business group for the quarters ended
    March 31, 2000 and 1999 follows:

<TABLE>
<CAPTION>
                                    CONSULTING           TRAINING            SOFTWARE
                                      GROUP                GROUP               GROUP             CORPORATE            TOTAL
                                  ------------         ------------         ------------        -----------       -------------
<S>                               <C>                  <C>                  <C>                 <C>               <C>
Quarter ended
March 31, 2000:

     Net Revenue                  $ 15,495,000         $  7,481,000         $  1,801,000         $      --        $ 24,777,000

     Reorganization costs         $         --         $ (4,000,000)        $         --         $      --        $ (4,000,000)

     Income (loss) from
     operations                   $ (3,004,000)        $ (5,235,000)        $     63,000         $(817,000)       $ (8,993,000)

Quarter ended
March 31,1999:

     Net Revenue                  $ 17,932,000         $  9,864,000         $  2,424,000         $      --        $ 30,220,000

     Reorganization costs         $         --         $         --         $         --         $      --        $         --

     Income (loss) from
     operations                   $  2,224,000         $   (569,000)        $    788,000         $ (36,000)       $  2,407,000
</TABLE>


                                     Page 7

<PAGE>   8

4.  In August 1999, in a continuing effort to improve the profitability of its
    training division, Aris closed three unprofitable training centers located
    in New York, Minneapolis and Chicago. The estimated costs associated with
    the closing of these centers was approximately $6.6 million. A summary of
    the related costs and accrual activity is as follows (in thousands):

<TABLE>
<CAPTION>
                                                  CONTRACT &      REDUCTION IN
                                 EMPLOYEE           LEASE           CARRYING           OTHER
                                 SEVERANCE       TERMINATIONS    VALUE OF ASSETS    RELATED COSTS         TOTAL
                                 ----------      ------------    ---------------    -------------        --------
<S>                              <C>             <C>             <C>                <C>                  <C>
Initial Expense                  $   175           $ 1,209           $ 4,497           $   719           $ 6,600
Amounts utilized in 1999            (175)             (313)           (4,497)             (719)           (5,704)
                                 -------           -------           -------           -------           -------
Accrual, December 31, 1999            --               896                --                --               896
Amounts utilized in 2000              --              (456)               --                --              (456)
                                 -------           -------           -------           -------           -------
Accrual, March 31, 2000          $    --           $   440           $    --           $    --           $   440
                                 =======           =======           =======           =======           =======
</TABLE>

    The remaining balance accrued for contract and lease terminations at March
    31, 2000, represents estimated lease payments, net of sublease income, and
    estimated brokers commissions. This remaining balance is expected to be
    utilized during 2000.

5.  In March 2000, the Company announced the closure and divestiture of its U.S.
    training operations. The operations in Denver, Dallas and Washington, DC
    will be closed or sold during the second quarter of 2000. The operations of
    the Bellevue and Portland centers were sold to former members of the
    Company's management team on May 1, 2000. Aris estimates the net costs of
    this action will be approximately $4.0 million. Actual costs of sale and
    closure may vary from Aris' estimates. A summary of the estimated related
    costs and accrual activity is as follows (in thousands):

<TABLE>
<CAPTION>
                                              CONTRACT &      REDUCTION IN
                               EMPLOYEE         LEASE            CARRYING           OTHER
                               SEVERANCE     TERMINATIONS    VALUE OF ASSETS     RELATED COSTS       TOTAL
                               ---------     ------------    ---------------     -------------      --------
<S>                            <C>           <C>             <C>                 <C>                <C>
Initial Expense                $   413          $   894          $ 2,639           $    54          $ 4,000
Amounts utilized in 2000            --               --           (2,639)               --           (2,639)
                               -------          -------          -------           -------          -------
Accrual, March 31, 2000        $   413          $   894          $    --           $    54          $ 1,361
                               =======          =======          =======           =======          =======
</TABLE>


6.  In April 2000, the Company entered into a master services agreement to
    provide $6.0 million of eBusiness consulting services to General Electric
    Company ("GE") over a period of 12 months. If GE fails to meet its
    obligation to purchase such services by June 30, 2001, GE agrees to pay the
    Company the difference between the $6.0 million and the total of the amount
    paid for actual services provided during such period. In conjunction with
    GE's commitment to the aforementioned services, the Company granted GE
    warrants to purchase 150,000 shares of the Company's Common Stock at a
    purchase price of $6.4375 per share. The warrants vest immediately upon
    issuance and expire on April 20, 2003. The fair value of these warrants will
    result in a non-cash charge of approximately $523,000 which will be
    reflected as a reduction of revenues over the period services are provided.

7.  In April 2000, the shareholders of Aris approved the adoption of the 2000
    Stock Option Plan (the "2000 Plan") which provides for the granting of
    qualified or non-qualified stock options to employees, directors, officers,
    certain non-employee advisors and consultants and non-employee directors of
    Aris. The Compensation Committee of the Board of Directors (the
    "Committee"), whose members are independent, non-employee directors of the
    Company, will administer the 2000 Plan. The plan authorizes 2,500,000 shares
    of Aris' Common Stock for issuance under the terms of the 2000 Plan. The
    date of grant, option price, vesting period and other terms specific to
    options granted under the 2000 Plan are to be determined by the Plan
    Administrator. Options granted under the 2000 Plan expire 10 years from date
    of grant. The 2000 Plan will, for any new grants, replace the Aris 1997
    Stock Option Plan.


                                     Page 8

<PAGE>   9

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS


        The Company's revenue is derived from the sale and delivery of its
consulting and training services and sales of licenses and maintenance and
support agreements for its software products. Consulting revenue is derived
primarily from fees billed to clients for consulting services. Revenue from
contracts that are billed on a time and materials basis is recognized as
services are performed. Revenue from fixed price contracts is recognized on the
percentage-of-completion method, measured by the cost incurred to date and cost
to complete compared to estimated total costs for the contract. The Company
bills its clients on a monthly or semi-monthly basis. Where revenue is
recognized before an invoice is sent, the revenue in excess of billings is
recorded as work in progress. Occasionally, the Company is requested to provide
hardware and software in conjunction with its consulting projects. In such
cases, the Company recognizes as revenue only the difference between its cost
and the resale price for the software and hardware.

        Training revenue is derived primarily from fees charged to corporate
clients for employee training, fees charged to individual students for open
enrollment classes, fees from curriculum and custom courseware development for
corporate clients and vendors such as Microsoft, fees derived from the licensing
of proprietary courseware to third parties, and fees from performance
improvement consulting and other consulting-based education services. Training
is provided at client facilities, at Aris' training centers, and over the
Internet or corporate intranets. In its open enrollment classes, the Company
seeks to fill each available seat in each scheduled class. The Company
continuously monitors this fill rate and may cancel or reschedule classes that
are under-enrolled. The Company has announced the divestiture of its U.S.
training operations, but continues to operate its training operations based in
the UK and Germany.

        The Company derives software revenue from the sale of its proprietary
software products, Aris DFRAG, TAMS, TAMS/O, Noetix Web Query and the
NoetixViews suite of products, and from maintenance and support contracts with
clients who purchase the software products. We recognize revenue earned under
software license agreements when persuasive evidence of a contract exists,
software has been delivered and accepted, the fee is fixed or determinable and
collectability is probable. We defer revenue for maintenance and support and
amortized over the support period, generally 12 months.

        This commentary should be read in conjunction with the Company's Annual
Report on Form 10-K for the year ended December 31, 1999 for a full
understanding of the Company's financial condition and results of operations.

        All statements, trend analysis and other information contained herein
relative to markets for the Company's services and products and trends in
revenue, gross margin and anticipated expense levels, as well as other
statements including words such as "seek," "anticipate," "believe," "plan,"
"estimate," "expect," "intend," and other similar expressions, constitute
forward-looking statements. These forward-looking statements are subject to
business and


                                     Page 9
<PAGE>   10

economic risks, and the Company's actual results of operations may differ
materially from those contained in the forward-looking statements.


SIGNIFICANT EVENTS

        During the third quarter of 1999 Aris closed three unprofitable training
centers located in New York, Minneapolis and Chicago. The estimated costs
associated with the closing of these centers was approximately $6.6 million. All
but $896,000 was utilized during 1999. The remaining balance accrued for
contract and lease terminations at March 31, 2000 was approximately $440,000 and
is anticipated to be substantially utilized during 2000.

        In March 2000, the Company announced the closing and divestiture of its
U.S. training operations. The operations in Denver, CO, Dallas, TX and
Washington, DC will be closed or sold during the second quarter of 2000. The
operations of the Bellevue, WA and Portland, OR centers were sold to former
members of the Company's management team on May 1, 2000. The Company estimates
approximately 140 employees will be terminated related to this event. Aris
estimates the net costs of this divestiture will be approximately $4.0 million,
including payments of $413,000 in employee severance expenses, $894,000 in lease
and contract termination costs, and reductions in the carrying value of assets
of $5.0 million, comprised of a write off of $2.4 million in goodwill and $2.6
million of fixed assets, net of estimated proceeds related to the sale of
certain operations. The net cost of closure was charged to expense in the
quarter ending March 31, 2000. Revenue from these centers was $14.7 million or
12.5% of total revenues for the year ended December 31, 1999 and $3.7 million or
15% of total revenues for the quarter ended March 31, 2000. Management estimates
annual cost savings to be $1.4 million for 2000.

        In April 2000, the Company entered into a master services agreement to
provide $6.0 million of eBusiness consulting services to General Electric
Company ("GE") over a period of 12 months. If GE fails to meet its obligation to
purchase such services by June 30, 2001, GE agrees to pay the Company the
difference between the $6.0 million and the total of the amount paid for actual
services provided during such period. In conjunction with GE's commitment to the
aforementioned services, the Company granted GE warrants to purchase 150,000
shares of the Company's Common Stock at a purchase price of $6.4375 per share.
The warrants vested immediately upon issuance and expire on April 20, 2003. The
fair value of these warrants will result in a non-cash charge of approximately
$523,000, which will be reflected as a reduction of revenues over the period
services are provided.

In April 2000, the shareholders of Aris approved the adoption of the 2000 Stock
Option Plan (the "2000 Plan") which provides for the granting of qualified or
non-qualified stock options to employees, directors, officers, certain
non-employee advisors and consultants and non-employee directors of Aris. The
Compensation Committee of the Board of Directors (the "Committee"), whose
members are independent, non-employee directors of the Company, will administer
the 2000 Plan. The plan authorizes 2,500,000 shares of Aris' Common Stock for
issuance under the terms of the 2000 Plan. The date of grant, option price,
vesting period and other terms specific to


                                    Page 10
<PAGE>   11

options granted under the 2000 Plan are to be determined by the Plan
Administrator. Options granted under the 2000 Plan expire 10 years from date of
grant. The 2000 Plan will, for any new grants, replace the Aris 1997 Stock
Option Plan.

FIRST QUARTER 2000 COMPARED TO FIRST QUARTER 1999

        TOTAL REVENUE

        Total revenues decreased $5,443,000 to $24,777,000 for the quarter ended
March 31, 2000 from $30,220,000 for the quarter ended March 31, 1999,
representing a 18% decrease. The decrease in total revenue is a result of a
decrease in revenue for all divisions over the comparison period as discussed
below.

        CONSULTING REVENUE

        Consulting revenues decreased $2,437,000 to $15,495,000 for the quarter
ended March 31, 2000 from $17,932,000 for the quarter ended March 31, 1999
representing a 14% decrease. Consulting revenue decreased as a result of an
overall decrease in the level of consulting activity related to a slower than
anticipated rebound from clients' focus on Y2K issues. The Company employed or
contracted for the services of an average of 394 full-time consultants and
project managers during the quarter ended March 31, 2000 compared to 387 during
the same quarter in 1999.

        TRAINING REVENUE

        Training revenue decreased $2,383,000 to $7,481,000 for the quarter
ended March 31, 2000 from $9,864,000 for the quarter ended March 31, 1999,
representing a 24% decrease. Revenues decreased in the first quarter of 2000 as
a result of a significant decrease in the number of classes and class training
days offered. The Company offered 1,096 classes and 3,143 training days in the
quarter ended March 31, 2000 as compared to 2,642 classes and 5,385 training
days in the quarter ended March 31, 1999.

        SOFTWARE REVENUE

        Software revenue decreased $623,000 to $1,801,000 for the quarter ended
March 31, 2000 from $2,424,000 in the quarter ended March 31, 1999, representing
a decrease of 26%. The decrease in revenue is primarily attributable to reduced
sales of the NoetixViews suite of products developed by the Company's software
subsidiary.

        COST OF REVENUES

        Cost of sales consists primarily of salaries and employee benefits for
consultants, project managers and instructors; subcontractor fees;
non-reimbursable travel expenses related to consulting and training activities
and the cost of production of software modules and amortization of capitalized
software costs. Cost of sales remained relatively flat decreasing $277,000 (2%)
to $14,568,000 in the quarter ended March 31, 2000 from $14,845,000 in the
quarter ended March 31, 1999. Cost of sales as a percentage of sales increased
from 49% for the


                                    Page 11
<PAGE>   12

quarter ended March 31, 1999 to 59% for the quarter ended March 31, 2000. This
increase is a result of the relative even level of staffing as compared to a
lower volume of revenues. Relative to the Company's training and software
operation, consulting operations utilize a higher proportion of professional
labor and benefits, which are included in cost of sales, and lower proportions
of marketing, facilities and general office administration costs which are
included in SG&A expense.

        SELLING, GENERAL AND ADMINISTRATIVE EXPENSE

        Selling, general and administrative ("SG&A") expense consists of
salaries and employee benefits for executive, managerial, administrative and
sales personnel; facility leases and related costs; bad debt expense;
depreciation of fixed assets; software license fees and maintenance contracts;
travel and related expenses; and business development costs. SG&A expense
increased $1,417,000 to $14,207,000 for the quarter ended March 31, 2000 from
$12,790,000 for the quarter ended March 31, 1999 which represents an increase of
11%. This increase is primarily the result of additional bad debt expense of
approximately $1.0 million during the quarter and costs associated with the
growth related to the fine.com acquisition in the third quarter of 1999. Total
SG&A expense as a percentage of total revenue increased from 42% for the quarter
ended March 31, 1999 to 57% for the quarter ended March 31, 2000.

        OTHER INCOME, NET

        Other income, net, consists primarily of interest income on cash and
cash equivalents and finance charges due on accounts receivable. Other income
increased from $166,000 for the quarter ended March 31, 1999 to $203,000 for the
quarter ended March 31, 2000. The increase is primarily attributable to an
increase in the finance charges on accounts receivable. Average investment
balances during the quarter ended March 31, 2000 were $8,108,000 compared to
$9,280,000 during the quarter ended March 31, 1999.

        INCOME TAX EXPENSE/(BENEFIT)

        Income tax expense decreased from $980,000 expense in the quarter ended
March 31, 1999 to a tax benefit of $2,284,000 in the quarter ended March 31,
2000. The shift to a tax benefit is the result of the Company experiencing a tax
loss for the quarter. The effective tax rate in the quarter ended March 31, 1999
was 38% compared to a tax benefit of 26% in the quarter ended March 31, 2000.

        NET INCOME/(LOSS)

        The Company recognized a net loss of $6,506,000 for the quarter ended
March 31, 2000 as compared to net income of $1,593,000 for the quarter ended
March 31, 1999. Excluding the reorganization costs and amortization of goodwill
(net of tax) the loss for the quarter was $2,121,000.


                                    Page 12
<PAGE>   13

LIQUIDITY AND CAPITAL RESOURCES

        As of March 31, 2000, the Company had working capital of $31.9 million
including cash and cash equivalents of $8.6 million. As of December 31, 1999,
Aris had working capital of $32.8 million including cash and cash equivalents of
$10.5 million. Aris intends to finance its working capital needs, as well as
purchases of additional property and equipment for its operations, from existing
cash balances and any cash generated by operations.

        During the quarter ended March 31, 2000, the Company used net cash of
$1,852,000. Net cash of $2,761,000 was used in operations related primarily to
the net loss. Investing activities used $509,000 for the purchase of equipment.
Financing activities provided $1,418,000 net cash comprised of $457,000 cash
from the sale of stock for the Employee Stock Purchase Plan, $695,000 cash from
stock option exercises and $266,000 from the tax benefit related to stock option
exercises.

        At March 31, 2000, the Company had accounts receivable of $26,976,000
equivalent to 99 days sales outstanding. At March 31, 1999, accounts receivable
were $26,766,000 equivalent to 80 days sales outstanding. The change in days
sales outstanding is primarily a function of lower revenues year to year.

        The Company has a $10 million line of credit with US Bank, a division of
First Bank Systems. The credit line provides funds for general business purposes
and is collateralized by substantially all of the Company's assets. The credit
line contains various affirmative and negative covenants, which require, among
other things, maintenance of a certain level of working capital and a certain
current ratio. The Company is in compliance with all requirements of the
agreement. The credit line expires on June 1, 2000. There are no amounts
outstanding on the credit line at March 31, 2000. Management anticipates that
the credit line will be renewed in an amount suitable to meet its requirements
upon expiration of the existing agreement.

RECENT ACCOUNTING PRONOUNCEMENTS

        In June 1998, the Financial Accounting Standards Board ("FASB") issued
Statement of Financial Accounting Standards ("SFAS") No. 133, " Accounting for
Derivative Instruments and Hedging Activities." This statement requires that all
derivative instruments be recorded on the balance sheet at their fair value.
Changes in the fair value of derivatives are recorded each period in current
earnings or other comprehensive income, depending on whether a derivative is
designated as part of a hedge transaction and, if it is, the type of hedge
transaction. In July 1999, the FASB issued SFAS No. 137, "Accounting for
Derivative Instruments and Hedging Activities--Deferral of the Effective Date of
FASB Statement No. 133." SFAS No. 137 deferred the effective date of SFAS No.
133 until fiscal years beginning after June 15, 2000. The Company does not use
derivative instruments, therefore the adoption of this statement will not have
any effect on the Company's results of operations or its financial position.


                                    Page 13
<PAGE>   14

        In December 1999, the Securities and Exchange Commission ("SEC")
released Staff Accounting Bulletin ("SAB") No. 101, "Revenue Recognition in
Financial Statements." This pronouncement summarizes certain of the SEC staff's
views on applying generally accepted accounting principles to revenue
recognition. We are required to adopt SAB No. 101 for our fiscal year ending
December 31, 2001. We are currently reviewing the requirements of SAB No. 101,
but do not expect such adoption to have an impact on our results of operations,
financial position or cash flows.


        EFFECT OF YEAR 2000 (Y2K) ISSUE

        We have completed our corporate-wide Year 2000 readiness project. As a
result of these efforts, we have experienced no significant problems at the turn
of the century with either our own technology or that of our infrastructure
providers. Contingency plans to manage all identified areas of perceived risk
will remain in place throughout 2000. The costs incurred by the Company in
connection with our Year 2000 compliance program have been and are expected to
remain immaterial to our financial position, results of operations and cash
flows.

ITEM 3. QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK

        The primary market risks to Aris are the effects of changes in foreign
currency exchange rates. Income from Aris' foreign operations is frequently
denominated in foreign currencies, thereby creating exposures to changes in
exchange rates. This foreign currency exposure is monitored by the Company as an
integral part of the Company's overall risk management program, which recognizes
the unpredictability of financial markets and seeks to reduce the potentially
adverse effect on the Company's results. The effect of changes in exchange rates
on Aris' earnings has been immaterial relative to other factors that also affect
earnings, such as sales and operating margins.


                                    Page 14
<PAGE>   15

                                     PART II
                                OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS

        The Company is involved from time to time in routine legal proceedings
incidental to its business. As of March 31, 2000, the Company was not involved
in any material legal proceedings.

ITEM 2. CHANGES IN SECURITIES

        Not applicable

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

        Not applicable.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

        Not applicable.

ITEM 5. OTHER INFORMATION

        Not applicable.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

        (A) EXHIBITS

            See Exhibit Table on page 17.

        (B) REPORTS ON FORM 8-K

               On April 10, 2000, the Company filed a Current Report Form 8-K
under Item 5 reporting the signing of a letter of intent to sell its Portland
and Seattle training facilities to Company management and the announcement that
the Company expects to report lower than anticipated results for the first
quarter of fiscal 2000 and that it is restructuring its U.S. sales organization.
The Company did not file financial statements with that Current Report on Form
8-K.


                                    Page 15
<PAGE>   16

                                    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 thereunto duly authorized.

        Dated this 12th day of          Aris Corporation
        May 2000.


                                        By: /s/ Timothy J. Carroll
                                           -------------------------------------
                                           Timothy J. Carroll
                                           Vice President, Finance;
                                           Chief Financial Officer
                                           (Principal Financial and Accounting
                                           Officer and Duly Authorized Officer)




                                    Page 16
<PAGE>   17

                                    EXHIBITS


     PAGE         EXHIBIT NUMBER    EXHIBIT NAME
     ----         --------------    ------------

      18               27.1         Financial Data Schedule





                                    Page 17