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BroadVision Cites Momentum, But Posts Loss for Year

BroadVision Inc., a supplier of one-to-one relationship marketing management applications, reported a net loss for the fourth quarter of $1.1 million, or $0.05 per share, compared to net loss of $3.6 million, or $0.18 per share, in the year-earlier quarter.

Revenues for the quarter were $8.6 million, a 111% increase over revenues of $4.1 million in the fourth quarter of 1996. For the year ended Dec. 31, revenues were $27.1 million, a 149% increase over the $10.9 million reported for the year ended 1996. The net loss was $7.4 million, or $0.36 per share, compared to a loss of $10.1 million, or $0.54 per share, in the prior year.

"We are very satisfied with the results of the fourth quarter of '97 and fiscal '97 as a whole. We are especially pleased to see our momentum building in the marketplace," said Pehong Chen, president and CEO of Redwood City, CA- based BroadVision.

During the quarter, BroadVision said it signed 33 new licensed customers, including six partner organizations, bringing the total installed base to 153 licensed customers worldwide.

Founded in 1993, BroadVision provides one-to-one relationship management software applications for e-commerce, intranets, extranets as well as knowledge management applications for the retail/distribution, financial services, high technology and telecommunications industries.