Pivotal Beats Expectations Despite Slower Sales - 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

Pivotal Beats Expectations Despite Slower Sales

Net losses for the third quarter totaled $3.4 million, compared with a net loss of $5.7 million, or 24 cents a share, last year.

Pivotal Corp. beat expectations for its third quarter, but like many other customer-relationship management vendors, it reported softening sales.

The company, which sells to companies with $250 million to $3 billion in revenue, signed 49 new customers in the quarter and says 63 of its existing customers increased their investments in Pivotal software during the quarter ended March 31.

Revenue was $17.7 million, compared with $16.7 million in the previous quarter and $26.6 million in the third quarter of last year. License revenue was $7.5 million, compared with $16.4 million in the same quarter last year. Revenue from services and maintenance was down slightly to $10.2 million, from $10.3 million last year. Net losses totaled $3.4 million, or 14 cents a share, compared with a net loss of $63 million, or $2.63 a share, in the previous quarter and a net loss of $5.7 million, or 24 cents a share, in the third quarter last year. President and CEO Bo Manning says he expects the 2002 calendar year to be flat or up only about 5%.

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.
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Where Cloud Spending Might Grow in 2021 and Post-Pandemic
Joao-Pierre S. Ruth, Senior Writer,  11/19/2020
Slideshows
The Ever-Expanding List of C-Level Technology Positions
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/10/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
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