Mixed Results for Content Management Vendors
Documentum, Interwoven, Optika turned in a mixed bag of results for the first quarter.Content management vendors Documentum Inc., Interwoven Inc. and Optika Inc. turned in a mixed bag of results in the first quarter in earnings reported this week. Documentum, fueled by acquisitions its made since last years first quarter, enjoyed a healthy revenue bounce and signed up a record number of new customers, but saw net losses rise year-to-year. Interwoven saw revenues and losses fall, while Optika enjoyed a modest gain in revenues while losses remained meager and constant. Documentum, which bought records management software vendor TrueArc and collaboration software developer eRoom in the past year, saw its total revenues soar from $50.6 million in last years first quarter to a record $67 million this year. License revenue led the charge, up from $25.1 million to $34.4 million. The Pleasanton, Calif.-based company also added a record 107 new customers during the quarter, which ended March 31.
Weighed down by $12 million in restructuring costs during the quarter, Documentum did see losses rise, from $1.7 million in the first quarter of last year to $5 million this year.