TrendWatch Blog
Quick Review of CMS Vendor Financial Results
14-May-2004
It's time again to review selected publicly-traded CMS vendor financial submissions. In Q1 2004 the big web content management players continue to bleed red ink. Of course, still flush with investor cash from the boom, they can afford to spend more, especially on marketing. In Q1, for example, Vignette lost about $US 25 million on sales of $40m, partly due to high acquisition and restructuring costs. Interwoven lost $7m on sales of $37 million. Stellent, increasingly the more conservative player, is edging its way to profitability with a loss of less than $1m on $20m in revenues. Meanwhile, Day had its first profitable quarter in Q4 2003 -- a performance it might do well to repeat often, given its somewhat thinner balance sheet. All figures are "GAAP," which we find more useful than "pro forma." But don't use CMS Watch for investment advice, just product advice...
A primer on GAAP vs. Pro Forma
- Submitted by: Tony Byrne, Analyst
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