RealTime IT News

BroadVision Revenues Up, Loss Down

Redwood City, CA-based BroadVision Inc. reported revenues for the quarter ending March 31 were $10.1 million, an increase over revenues of $5.3 million in the first quarter of 1997.

The provider of one-to-one Internet applications for relationship management posted a net loss for the first period of $499,000, or $0.02 per share, compared to a net loss of $2.5 million, or $0.12 per share, in the first quarter of 1997, and to a net loss of $1.1 million, or $0.05 per share, in the fourth quarter of 1997.

"In addition to robust revenue growth, the year started off with a series of milestones for BroadVision that marked our continued momentum in the marketplace, including the grant of a U.S. patent on certain elements of the BroadVision One-To-One Application System technology, a successful secondary stock offering, and a record-breaking number of new customer live site deployments," said Pehong Chen, president and CEO of BroadVision.