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%.
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Pivotal Posts Not-So-Horrible Earnings
The company showed revenue improving over last quarter and a narrower loss, thanks to operating-cost cuts.