NetGravity Cuts Loss on Higher Revenues

NetGravity Inc. posted a second quarter
net loss of $2.1 million, or $0.12 per share, compared with a net loss of
$3.0 million, or $0.59 per share for the second quarter of 1998.

The company reported record revenues of $5.6 million for
the second quarter, up from revenues of $2.3 million for the same period a
year earlier. “We are very pleased with our record second quarter performance and are proud
of our continued ability to deliver strong business growth and product
leadership,” said Eric W. Spivey, president and chief executive officer of
NetGravity. The company will be merged into New York City-based DoubleClick
Inc. in the fourth quarter.

NetGravity delivers a range of software and service solutions to manage,
target and analyze online campaigns. The company’s worldwide customer base
numbers more than 400.

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