Vignette (Nasdaq: VIGN) posted a profit a quarter ahead of expectations.
After market close Tuesday, the e-business software vendor reported second quarter net income of $1.4 million, or a penny per share, not including amortization and acquisition-related charges. First Call consensus predicted breakeven results for the quarter ended June 30.
Including all expenses, Vignette lost $50.7 million, or 27 cents per share.
Shares of Vignette slid to 38 3/4 in afterhours activity on the Island electronic communications network, following the earnings report. Vignette stock closed Tuesday's regular trading at 43 5/8, up 1/2 for the session.
Second quarter revenue rose to $77.1 million, up 40 percent sequentially and 419 percent year-over-year. The company's core operations lost $3.5 million, ahead of Wall Street's consensus expectation of a $4.4 millino loss.
Vignette earlier this month completed its acquisition of OnDisplay. The combined companies added 191 customers in the second quarter to bring their total to more than 1,000. If OnDisplay's results are included, Vignette reported a core operating loss of $14.3 million on revenue of $88.2 million.
Other companies reporting quarterly results:
(Nasdaq: OMKT) reported lower-than-expected second quarter sales and announced the resignation of Ron Matros as president and CEO.
The Internet software vendor said it lost $7.36 million, or 16 cents per share, excluding a gain from investment. That was a smaller-than-expected loss, compared to First Call's consensus forecast of a loss of 18 cents per share.
But Open Market said its growth was smaller than expected. Second quarter revenue of $26.5 million represented a 28.6 percent gain year-over-year.
Shares of Open Market closed down 7/16 at 7 7/8 on Tuesday, prior to the announcements. Open Market subsequently fell to 7.0312 in afterhours activity on Island.
Open Market blamed the sales letdown on disappointing license sales of its Transact order management software and a reorganization in the company's North American sales force.
Transact unit sales fell short of expectations, even as average revenue per license fell because fewer buyers were "Commerce Service Providers" who pay higher fees, the company said.
Open Market has appointed Ken McDonald as its new vice-president of North American sales.
Harold LaVigne, an Open Market board member, will serve as interim president and chief executive until a permanent replacement can be found, the company said.
(Nasdaq: WBSN) lost far less than analysts predicted in the second quarter.
The vendor of software for tracking and managing employees' Internet usage reported a fiscal second quarter loss of $1.1 million, or 5 cents per share, excluding amortization related to stock compensation. First Call's survey of four analysts predicted a loss of 13 cents per share.
Second quarter revenue increased to $3.8 million, including subscription revenue of $3.6 million. Subscription revenue rose 133 percent year-over-year, as Websense boosted its total customer base to more than 9,000 companies with 5.4 million seats, compared to 3.3 million a year ago.
Gross margins of 82 percent were up from 73 percent in the second quarter of 1999.
(Nasdaq: USIX) beat the consensus analyst prediction in the second quarter.
The application service provider reported a second quarter loss of $39.6 million, or 42 cents per share. First Call's survey of 22 analysts predicted a loss of 44 cents per share.
The stock traded at 18 1/4 in afterhours activity on Island. USInternetworking closed Tuesday's regular trading at 18 1/2, down 3/8 for the session.
Second quarter revenue increased 292 percent year-over-year to $26.2 million. Gross margin rose to 10.3 percent from 2.5 percent in the first quarter.>