Vignette Corp, the Austin, Texas supplier of relationship and content management software came in with third quarter numbers last night that were better than Wall Street expected as it reduced its losses from core operations over the previous quarter.
Net losses were $7.4m, after $2.5m in amortization and acquisition-related charges, up from $6.9m last time, which included amortization charges of $352,000. Revenues in the quarter were $24.2m, up from $4.3m the previous year. Without the charges, the losses per share were $0.19 per share, when Wall Street was looking for $0.21 per share.
During the quarter Vignette added 97 new customers, including PricewaterhouseCoopers, Baan USA, Allianz, AT&T Canada and RR Donnelly & Sons, among others, as well as new orders from many of its existing customers. In September the company announced the integration of StoryServer with IBM Corp’s Net.Commerce suite and also announced relationships with Quark and edocs. After the quarter ended it announced a relationship with, and stake in BizRate Corp.
The $24.2m revenues were split almost 50-50 between software and services, with the former just topping the latter. Sales and marketing soaked up $12.2m in the quarter and cash and equivalents stood at $73.7m on September 30. The share price has been on a tear since mid August and gained another 9.4% yesterday to close at $119.0625. The results came out after the close.
