Interwoven posts first-quarter revenue gain

InfoWorld |  Software

By Infoworld.com staff

IN SPITE OF the gloomy economic climate and widespread profit shortfalls throughout the technology sector, content management software vendor Interwoven on Wednesday reported encouraging first-quarter 2001 results with revenues of $60.5 million, which marks an increase of 11 percent over the previous quarter and a 337 percent increase over the same quarter last year, according to officials at Sunnyvale, Calif.-based Interwoven. In the first quarter of 2001, which ended March 31, the company added 91 new license customers for its content management software system, including Allstate, Citicorp Diners Club, and Pfizer. Net income for the quarter was $2.3 million, or 2 cents per share, officials said.

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