In the three months to December 31, 2003, the Austin, Texas-based company made a net loss of $132,000 compared to a profit of $564,000 in the year-ago quarter, on revenue that fell 14.9% to $11.1m. Sales from IT infrastructure management services fell 11% to $9.3m, and revenue from maintenance and equipment decreased 30% to $1.8m.
The company said the main reason behind these declines was that one of its major clients, AT&T Corp, decided to transfer two services contracts with NetSolve to internal AT&T centers. This reduced the backlog of NetSolve’s IT infrastructure management business by 17% in calendar 2003.
This article is based on material originally published by ComputerWire
