US Interactive Announces Results For First Public Quarter - 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

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.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Slideshows
IT Careers: 10 Industries with Job Openings Right Now
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/27/2020
Commentary
How 5G Rollout May Benefit Businesses More than Consumers
Joao-Pierre S. Ruth, Senior Writer,  5/21/2020
News
IT Leadership in Education: Getting Online School Right
Jessica Davis, Senior Editor, Enterprise Apps,  5/20/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
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