Portals include corporate portals used for sharing information within an enterprise, e-commerce portals for online selling and market exchange portals for B2B activities. Business portals provide personalized information to employees, partners, customers and suppliers. Verity manages its business for steady, profitable growth while maintaining its technological and market leadership. Fiscal 2000 was a record year at Verity, sustaining the momentum of a successful fiscal 1999. This is reflected by solid growth in revenue and net income, a generous profit margin and a healthy cash balance.
Verity is a leader in markets that are experiencing explosive growth.
In addition, Verity continues to receive major industry awards and press recognition for its financial performance and its outstanding technology solutions, including the New York Times Top Ten, the Delphi B2B50, the San Francisco Chronicle 500, Software Magazine's Software 5000 and the 100 Best Internet Stocks to Own for the Long Run. With a stellar management team in place and continuing innovation in development and technology, Verity is well positioned to continue its strong leadership position in the future.