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.