KDnuggets : News : 2001 : n09 : item28    (previous | next)

Briefs

E.piphany Reports First-Quarter Net Loss of $295M
E.piphany Inc., a provider of software for customer response
management, reported a net loss of $295.4 million for first quarter
2001, or a loss of $4.48 per share. The company's net loss in the same
quarter a year earlier was $66.9 million, or a loss of $1.57 per
share.

However, the San Mateo, CA, company said its total revenue for the
quarter rose 164 percent to $38.1 million, from $14.4 million a year
ago. It attributed much of that revenue to product licenses, which
brought in $22.4 million in the first quarter, nearly triple the $8.2
million in license revenue reported a year earlier. License revenue
accounted for 59 percent of E.piphany's total revenue for the quarter.

The company still expects to reach profitability in the fourth
quarter. However, analysts are not convinced this is possible, given
the deteriorating economy and the shrinking market for eCRM products
and services.

See www.epiphany.com

KDnuggets : News : 2001 : n09 : item28    (previous | next)

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