Curated for content, computing, and digital experience professionals

Day: February 3, 1999

Open Market fourth quarter results

Open Market, Inc., has announced results for its fourth quarter ended December 31, 1998. Net revenues were $16.1 million, compared to net revenues of $18.6 million for the fourth quarter of 1997. Net loss for Q4 1998, which includes the charge of $2.0 million for restructuring costs, was $6.4 million or $0.18 per share. This compared to a net loss of $3.0 million or $0.09 per share for the same period of 1997. Net loss excluding the charge for restructuring was $4.3 million or $0.12 per share. For the year ended December 31, 1998, revenues were $62.1 million compared to $61.3 million of revenues for the year ended December 31, 1997. Net loss for the year ended December 31, 1998 was $34.9 million or $1.04 per share, compared to a net loss of $58.0 million or $1.87 per share in 1997. Excluding the charges for in-process research and development in connection with acquisitions and the charge for restructuring costs, the net loss for the year ended December 31, 1998 was $22.1 million or $0.66 per share, compared to a net loss of $23.8 million or $0.77 per share in 1997. www.openmarket.com

PC Docs second quarter results

PC DOCS Group International Inc. has reported its second quarter results. Revenue for the second quarter ended December 31, 1998 was $45.5 million, a 52% increase over the $29.9 million for the same quarter last year and 21% over the $37.5 million for the first quarter this year. Software license revenue rose by 41% to $23.9 million from $17.0 million last year and was 31% over the $18.4 million in the prior quarter. Compared to last year, revenue for the enterprise document management business was up by 66% and by 40% over last quarter. Earnings before interest, taxes, depreciation and amortization in the second quarter were $7.6 million compared with $4.3 million in the previous year. Net earnings were $2.8 million compared to $0.98 million for the same period last year. Fully diluted earnings per share were $0.12 compared to $0.05 in the previous year and $0.01 in the previous quarter. For the six months to date, revenue was $83.0 million, 49% over the $55.7 million for the same period last year. Net earnings, excluding the reversal of restructuring charge accruals, were $1.8 million for the six months to date compared to $1.6 million last year and fully diluted earnings per share were $0.07. www.pcdocs.com

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