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.
US Interactive Announces Results For First Public Quarter
US Interactive Inc., an Internet professional services firm that focuses on building E-commerce sites for businesses, announced third-quarter earnings for the period ended Sept. 30. In addition, the company announced it has just completed an E-commerce site for American International Group, a global insurance carrier, called aigdirect.com.
US Interactive's revenue for the quarter was $9.9 million, up 117% from the third quarter of 1998. However, the Philadelphia company reported a net loss for the quarter of $4.1 million, which included a nonrecurring charge for amortization of deferred stock compensation and good will. Excluding one-time charges, net income was a loss of $1.5 million. This was US Interactive's first full quarter as a publicly traded company.
Separately, US Interactive announced the launch of aigdirect.com, a business-to-consumer E-commerce site developed for AIG, an international insurance company and underwriter of commercial and industrial insurance in the United States. The site will let customers obtain pricing quotes on automobile, life, and homeowner's insurance. In addition, the site includes a resource center with tips, advice, and articles about various insurance issues; a calculator for financial questions; and the ability to purchase some insurance products online. Users can also file claim forms and engage with customer service representatives online. The value or length or the contract was not revealed.
We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
State of the CloudCloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Getting Started With Emerging TechnologiesLooking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.