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Short Take: BackWeb boosts revenues for quarter

BackWeb has reported a net loss for the second quarter of $1.1 million, or 3 cents per share, excluding unusual charges. The Internet software maker lost $2.4 million, or 9 cents per share, in the second quarter of 1999. Analysts had expected it to repeat the loss of 9 cents per share this year, according to First Call/Thomson Financial. Revenues were up 109 percent to $10.6 million, compared with $5.1 million in last year's second quarter.

BackWeb has reported a net loss for the second quarter of $1.1 million, or 3 cents per share, excluding unusual charges. The Internet software maker lost $2.4 million, or 9 cents per share, in the second quarter of 1999. Analysts had expected it to repeat the loss of 9 cents per share this year, according to First Call/Thomson Financial. Revenues were up 109 percent to $10.6 million, compared with $5.1 million in last year's second quarter.