Pivotal Posts Not-So-Horrible Earnings - InformationWeek
IoT
IoT
News
News
7/26/2002
06:26 AM
50%
50%
RELATED EVENTS
IP Intelligence: The Utility Player for Your Online Business
Aug 31, 2017
Join us as we explore the many benefits of IP Intelligence, and how you can use IPI to improve you ...Read More>>

Pivotal Posts Not-So-Horrible Earnings

The company showed revenue improving over last quarter and a narrower loss, thanks to operating-cost cuts.

Pivotal Corp. provided a relative sparkle in an otherwise glum quarter for CRM company earnings. The company showed revenue improving over last quarter and a narrower loss, thanks to operating-cost cuts. Total revenue for Pivotal's fourth quarter of fiscal 2002, ended June 30, was $19.1 million, up from $17.7 million in the previous quarter and $22 million in the fourth quarter of 2001. The fourth-quarter net loss was $7 million, or 29 cents a share, compared with a loss of $16.7 million, or 70 cents, a year ago. Operating expenses were $19 million, down from $32 million one year ago.

For the year, the company reported revenue of $69.6 million, compared with $96.2 million for fiscal 2001. License revenue was $29.3 million, compared with $58.5 million in the previous year. Revenue from services climbed to $40.3 million, compared with $37.6 million in fiscal 2001. In addition, the company says it increased its average deal size by 13%.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll