Hyperion (NASDAQ:HYSL)
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From Jun 2019 to Jun 2024
Hyperion (Nasdaq Global Select: HYSL), the global leader in Business
Performance Management (BPM) software, joins 33 of its own customers on
a new list of America’s 100 most trustworthy
companies recently published online by Forbes magazine. The listing
highlights companies that “showed the highest
degree of accounting transparency and fair dealings to stakeholders”
in 2006, and spotlights only two other software companies besides
Hyperion.
The list was compiled by Audit Integrity, an independent firm that
conducts research on corporate governance and supplies related data to
Forbes.com. The full list is available at http://www.forbes.com/2007/03/26/companies-accounting-governance-lead-
cx_pm_0327trustyintro.html (Due to its length, this URL may need to
be copied/pasted into your Internet browser's address field. Remove the
extra space if one exists.)
Among Hyperion’s customers included in the
Forbes.com list is Kansas City Life Insurance Company, which implemented
Hyperion software in 2005 to streamline its financial reporting and
close processes. “As insurance products become
more complex and integrated, this can complicate financial reporting,”
said Rob Fisher, assistant vice president of financial systems and
accounting operations at Kansas City Life. “If
your data doesn’t easily integrate or can’t
be analyzed across the company, you can’t
monitor and manage your revenues and costs. In the face of
Sarbanes-Oxley and other regulatory requirements, companies like ours
have to find ways to remain competitive while still meeting or exceeding
our compliance obligations. Being recognized as one of the country’s
most trustworthy companies is validation that we’re
doing it right.”
“It’s exciting to
learn that Hyperion and its customers represent more than a third of the
100 most trustworthy companies in America,”
said Godfrey Sullivan, president and CEO of Hyperion. “This
honor is especially meaningful to us, as many of our customers rely on
Hyperion Solutions to help them trust their numbers and lower the costs
and operational impact of regulatory compliance. We’re
proud to join so many great companies on this highly selective list.”
Audit Integrity drew its list of 100 from a pool of 8,000 public U.S.
companies. To ensure that the list included only companies that are
widely held, Audit Integrity excluded any company with a market
capitalization of less than $250 million.
For each company, Audit Integrity assigned an Accounting and Governance
Risk (AGR) score. The AGR score reflects financial and non-financial
factors that help assess the risk of fraud or financial
misrepresentation. Hyperion received a current-quarter AGR score of 83.
Scores on the Forbes.com list range from 78 to 88.
About Hyperion
Hyperion Solutions
Corporation (Nasdaq Global Select: HYSL) is the global leader in Business
Performance Management software. More than 12,000 customers in 90
countries rely on Hyperion both for insight into current business
performance and to drive performance improvement. With Hyperion
software, businesses collect, analyze and share data across the
organization, linking strategies to plans and monitoring execution
against goals. Hyperion integrates financial
management applications with a business
intelligence platform into a single management
system for the global enterprise. For more information, contact
us at http://www.hyperion.com/company/contact/salesrep.cfm?CMP=PR_US.
“Hyperion,”
the Hyperion logo and Hyperion’s product
names are trademarks of Hyperion. References to other companies and
their products use trademarks owned by the respective companies and are
for reference purpose only.
Safe Harbor Statement
Statements in this press release other than statements of historical
fact are forward-looking statements, including, but not limited to,
statements concerning the potential success of anticipated product
features, the anticipated product offerings and the potential market
opportunities for business performance management software. Such
statements constitute anticipated outcomes and do not assure results.
Actual results may differ materially from those anticipated by the
forward-looking statements due to a variety of factors, including, but
not limited to the company's ability to retain and attract key
employees, the successful and timely development of new products, the
impact of competitive products and pricing, customer demand, and
technological shifts. For a more detailed discussion of factors that
could affect the company's performance and cause actual results to
differ materially from those anticipated in the forward-looking
statements, interested parties should review the company's filings with
the Securities and Exchange Commission, including the Report on Form
10-K filed on September 1, 2006 and the Report on Form 10-Q filed
on February 8, 2007. The company does not undertake an obligation to
update its forward-looking statements to reflect future events or
circumstances.