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Vignette Says Profit Picture's Getting Clearer
Content-management software developer Vignette Corp. says it remains on track to return to profitability in the third quarter. Last week, it reported a smaller loss in its first quarter, ended March 31, despite a 12% year-over-year decline in revenue.
Vignette lost $7.5 million on sales of $40.8 million during the quarter. That compares with a loss of $37.9 million on sales of $46.4 million in the same period one year ago. Product-license sales declined nearly 20%, to $16.5 million, while service-related revenue fell 6%, to $24.3 million.
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More >>Average deal sizes in the first quarter jumped 39% from the fourth quarter, Vignette says. Portal suite software sales exceeded expectations.
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