Short Take: Pivotal reports $8.7 million first quarter
Front office software maker Pivotal has reported first-quarter revenue in fiscal 2000 of $8.7 million, up from $4.6 million in the first quarter of fiscal 1999. For the quarter, net loss was $686,000, or 4 cents per share, vs. net loss of $859,000, or 6 cents in the year-ago period. First-quarter earnings were in line with First Call consensus estimates. Pivotal said it signed 74 new customers, expanding its customer base to 621 for the quarter.
Front office software maker Pivotal has reported first-quarter revenue in fiscal 2000 of $8.7 million, up from $4.6 million in the first quarter of fiscal 1999. For the quarter, net loss was $686,000, or 4 cents per share, vs. net loss of $859,000, or 6 cents in the year-ago period. First-quarter earnings were in line with First Call consensus estimates. Pivotal said it signed 74 new customers, expanding its customer base to 621 for the quarter.