Agile Software managed to beat Street estimates in its fourth quarter Wednesday, losing $730,000, or 2 cents a share, on sales of $10.8 million.
A survey of analysts by First Call Corp. pegged Agile (Nasdaq: AGIL) for a loss of 6 cents a share in the quarter.
Its shares closed up 3 1/2, or 9 percent, to 42 ahead of the earnings report.
"This last fiscal year saw significant acceleration in our business, as the network effect and our focus on customer success led to a record number of new customers," said CEO Bryan Stolle in a prepared release. "As a result, we achieved record revenues and growth, while increasing our customer base by more than 50 percent."
The $10.8 million in sales represents a 109 percent improvement from the year-ago quarter when it dropped $2.6 million, or 9 cents a share, on sales of $5.1 million.
For the fiscal year, the vendor of software for supply chain collaboration and procurement posted a loss of $7.1 million, or 18 cents a share, on sales of $32.2 million. In fiscal 1999, it lost $9.1 million, or 31 cents a share, on sales of $16.8 million.
Including a variety of one-time charges, Agile posted a loss of $13.9 million, or 31 cents a share in the quarter.
Last quarter, Agile rolled past analysts' estimates, losing $1.7 million, or 8 cents a share, on sales of $8.65 million.
Its shares marched up to a 52-week high of 112 1/2 in January after bottoming out at 17 1/8 in August.
All seven analysts following the stock rate it either a "buy" or "strong buy."
First Call Corp. consensus sees it losing 5 cents a share in fiscal 2001.
Agile Software is based in San Jose, Calif.