Intraware Reports Revenue Gains - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Intraware Reports Revenue Gains

E-services provider Intraware Inc. (Nasdaq-ITRA) saw strong growth in the firstfiscal quarter of 2001, which ended May 31, reporting revenue of $41.5 million, an increase of more than 150% over revenue of $16.5 million in the corresponding quarter last year. Net loss was $11.8 million, or 46 cents per share for the quarter, compared with a net loss of $4.6 million in the first quarter of last year.

Intraware, which hosts an online marketplace through which it resells and distributes services and software from companies including Hewlett-Packard and Oracle, increased revenue 15% over its previous record of $36.1 million during the fourth fiscal quarter of 2000.

Much of Intraware's success can be attributed to the universal need its customers have for managing software logistics, as well as a lack of direct competition in the online-software-distribution marketplace, says Lara Abrams, a senior analyst with the Aberdeen Group. "The biggest pain points of running an operation is managing software and hardware assets," she says. "Intraware provides services that everybody needs."

Intraware's earnings announcement coincided with an agreement last week to raise $25 million in financing from a number of institutional investors, including Marshall Capital, an affiliate of Credit Suisse First Boston, the investment bank that led Intraware's initial public offering in February of 1999. This money will be used to continue development and integration of Intraware's online software sales, deployment, E-learning, and asset-management services, says Frost Prioleau, Intraware's executive VP of products and services.

Intraware last week also unveiled a technology partnership with HP that will allow HP to launch a portal site featuring many of Intraware's software-deployment technologies. From the site, HP will be able to order and implement a variety of software applications, upgrades, patches, and fixes via the Internet for its customers.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Slideshows
Top-Paying U.S. Cities for Data Scientists and Data Analysts
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/5/2019
Slideshows
10 Strategic Technology Trends for 2020
Jessica Davis, Senior Editor, Enterprise Apps,  11/1/2019
Commentary
Study Proposes 5 Primary Traits of Innovation Leaders
Joao-Pierre S. Ruth, Senior Writer,  11/8/2019
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll