No Revenue Crunch at Documentum

By Dennis Callaghan  |  Posted 2002-07-19 Print this article Print

Documentum sees 17 percent increase in second-quarter revenues, including 26 percent jump in software license revenues.

During a week in which most software companies were happy if revenues didnt fall too much, Documentum Inc. reported a 17 percent increase in second-quarter revenues over last years, including a 26 percent increase in software license revenues. The enterprise content management software developer recorded revenues of $54 million for the quarter, up from $46.1 million in the same year-ago period. License revenues jumped from $21.4 to $27 million year-to-year. The company in the quarter added 78 new customers, its biggest increase in six quarters, and closed more than 200 transactions, company officials said, including five deals of more than $1 million.
"Our ability to execute across many channels, verticals, and geographies in a challenging worldwide economic environment is a true testament to our teams focus and dedication to our customers and partners," said David DeWalt, president and chief executive officer of Documentum in a statement.
Despite the revenue gains, Documentum, of Pleasantville, Calif., still ended up with a slight net loss for the quarter, of $473,000. The company lost $14.1 million in the same period last year. DeWalt also noted Thursday that Documentum has hired a new chief financial officer and will make a formal announcement next week. Sybase Inc.--the Dublin, Calif., developer of enterprise portal, integration and database management software--didnt fare quite as well on the top line but did see a increase in profits during the second quarter. Sybase saw total revenues fall from $234.7 million in last years second quarter to $205.3 million this year. License revenues were hardest hit, dropping from $94.7 million to $77.4 million. But Sybase managed an increase in net income, with a second quarter profit of $25.9 million, up from $22.6 million in last years second quarter. Though Sybase chairman, CEO and president John Chen said the company executed well in the quarter, he pledged to expand the companys field sales force and focus on making all of Sybases divisions profitable in coming quarters. This would largely be accomplished by reallocating existing resources, he said. "There has never been a better time for Sybase to invest in its future," Chen said. Related Stories:
  • Intelligent Enterprise Content Comes to Fore
  • Bulldog Technology Integrated
  • Special Report: Earnings Roundup

    Submit a Comment

    Loading Comments...
    Manage your Newsletters: Login   Register My Newsletters

    Rocket Fuel