Sagent, a provider of enterprise business intelligence solutions, notes that revenues for the first quarter of 2002 were $11.3 million, representing a year- over-year increase of 10 percent compared to the $10.3 million reported in the first quarter of 2001. Sagent's license revenues for the first quarter of 2002 totaled $6.1 million, a year-over-year increase of 29 percent compared to the $4.7 million reported in the first quarter of 2001. Sagent's first quarter 2002 pro forma net loss was $2.6 million, or a loss of $0.06 per share on a diluted basis, compared to a pro forma net loss of $9.1 million, or a loss of $0.27 per share on a diluted basis, for the first quarter of 2001. "Sagent continues to make prudent business decisions that we believe will ensure the success and longevity of the company in a challenging software market environment," says Sagent CEO Ben Barnes.
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