reported nearly a four-fold
increase in quarterly revenues, just one of several Internet and
software application companies to post strong revenue growth.
Onsale reported first quarter revenues of $40.2 million, up
from $12.3 million a year ago. And revenues increased 21.8 percent over the
previous quarter. The online auction retailer had 310,000 orders during the
quarter, compared with 232,000 the previous quarter.
The company's net loss was $4.5 million, or 24 cents a share, compared
with profits of $52,000, or break even, a year ago. But excluding a
merchandise-related charge, the company posted a loss yesterday of $2.9 million, or
16 cents a share, in the recent quarter.
RealNetworks, a streaming audio and
video software company, reported first quarter net revenues of $12.5
million, up 97 percent from a year ago and up 21 percent from the previous
The company, meanwhile, posted a net loss of $20 million, or 65 cents a
share, compared with a loss of $3.7 million, or 17 cents, a year ago. The
bulk of the first quarter loss, however, was attributed to a $17.9 million
charge for the acquisition of Vivo Software. And excluding the charge,
RealNetworks posted a loss of $2.2 million, or 7 cents a share.
Internet services company USWeb
reported first quarter revenues of $13.7 million, up from $495,000 a year
ago and a 29 percent increase over the previous quarter. The company posted
a loss of $16.4 million, compared with a loss of $5.8 million a year ago.
But excluding an acquisition charge, USWeb posted a loss of $3.3 million.
CNET: The Computer Network reported
first quarter revenues of $10.7 million, up 69 percent over the year-ago
period. The company narrowed its losses to $5.7 million, or 38 cents a
share, for the quarter, compared with a loss of $12.9 million, or 97 cents
a share, a year ago. Traffic on the company's online sites reached 6.5
million average daily page views during the quarter, up 20 percent compared
with the previous quarter. (CNET publishes NEWS.COM.)
Meanwhile, tools maker Borland
International reported an increase in revenues to $46.5 million for the
first quarter, up from $43.4 million a year ago. The company attributed the
increase to revenue growth in its client-server, enterprise, Internet, and
intranet products. Borland narrowed its net loss to $13.4 million, or 27
cents a share, for the quarter, compared with a loss of $44.5 million, or
92 cents a share, a year earlier. The net loss for the quarter included an
acquisition and restructuring charge of $19.3 million and a $3.8 million
Cadence Design Systems, a software
tools and professional services supplier, posted revenues of $270.2 million
for the first quarter, up from $187.5 million a year earlier. The company
noted that product revenues were up 51 percent over a year ago, while
services revenues climbed 55 percent. Cadence reported a loss of $25.5
million, or 12 cents a share, for the quarter, compared with profits of
$37.1 million, or 19 cents a share, a year earlier. The first quarter
results also included one-time charges of $86 million, largely due to an
PeopleSoft, fueled by continued
demand for its client-server products, reported first quarter revenues of
$277.7 million, up 80.7 percent from a year ago. The company noted that
license fee revenue increased 64 percent in the quarter over the previous
year, while services revenues jumped 100 percent during the period. Net
profits, meanwhile, rose to $33.8 million, or 13 cents a share, for the
quarter, up from $17.8 million, or 7 cents a share, in the year ago period.