Loss A Prelude To Bigger Things? - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

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.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
11 Things IT Professionals Wish They Knew Earlier in Their Careers
Lisa Morgan, Freelance Writer,  4/6/2021
News
Time to Shift Your Job Search Out of Neutral
Jessica Davis, Senior Editor, Enterprise Apps,  3/31/2021
Commentary
Does Identity Hinder Hybrid-Cloud and Multi-Cloud Adoption?
Joao-Pierre S. Ruth, Senior Writer,  4/1/2021
Register for InformationWeek Newsletters
Video
Current Issue
Successful Strategies for Digital Transformation
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
White Papers
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.
Sponsored Video
Flash Poll