It’s been a poor series of financial quarters for many software development companies in the data warehousing and e-business market because of the soft economy. However, there are a few companies turning in solid performances and one of them is Precise Software, which develops performance management applications.
Revenues for the first quarter of 2001 grew 153 percent to a record $11.5 million, compared with $4.5 million for the first quarter of 2000. First- quarter revenues increased 20 percent sequentially from the $9.6 million posted for the fourth quarter of 2000. The company reported a pro-forma operating loss of $726,000, or $0.03 per share, for the first quarter of 2001, compared with a pro-forma operating loss of $1.3 million, or $0.09 per share, in the same period last year.
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