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Q3 Financials Soar
For the rest of the January 2000 issue of CRM magazine please click here

Recent quarterly financials in the CRM industry show increased revenues all around. CRM big dog Siebel Systems led the pack with net revenues of $195.3 million, compared with $104.2 million for the same period last year. The number two CRM vendor Clarify, now a division of Nortel, also announced record revenues of $63 million, an increase of 84 percent over the $34.5 million Q3 1998. The number three vendor, Vantive, announced flat revenues of roughly $42 million, which is the same amount it earned for the same period last year. The company, recently bought by ERP vendor PeopleSoft, reported a net loss for the quarter of between $0.16 and $0.18 per share. Other vendors reporting quarterly financials include:

  • Pivotal, which reported revenues of $8.7 million, up 90 percent over the same period in 1998;
  • Canadian CRM vendor Janna Systems, with revenues up 92 percent to $4.8 million;
  • E-business analysis solution provider Broadbase, which reported $2.8 million in revenues, a 179 percent increase over Q3 1998;
  • Austin, Texas-based e-business application provider Vignette, which reported $24.2 million in revenues for the quarter, a whopping 459 percent increase over last years Q3 numbers.
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