Loss A Prelude To Bigger Things?
Software Technologies Corp., which writes software used to integrate back-end programs with E-commerce applications, revealed today a 68% revenue increase for its first quarter, which ended March 31.
Revenue totaled $17.6 million, compared with $10.5 million for the same quarter of 1999. Nonetheless, STC reported a loss of $12.9 million, or 28 cents per share, for the quarter, compared with a loss of $6.5 million, or 15 cents per share, a year ago.
Meta Group analyst Hollis Bischoff says not to worry. "They have spent the last two quarters rearchitecting their product," she says, referring to the e-Xchange eBusiness Integration Suite. "The tool now makes it irrelevant which way you integrate your systems," whether coming from the back end or the front end. Bischoff says STC will be the only company in the market with this capability.
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