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.
Razorfish Reports Higher Q4 Sales, But Posts A Loss
Razorfish Inc., a provider of Web development and design services, yesterday reported strong growth in fourth quarter revenue, though it ended the quarter in the red.
Revenue for the quarter ended December 31 was up 134% from the same period last year to $57.2 million, reflecting the company's acquisitions of Lee Hunt and Associates and I-Cube last year. Net income, prior to amortization, merger-related charges, and non-cash compensation expenses, totaled $5.7 million or six cents a share compared with $1.9 million, or 3 cents a share, in the fourth quarter of 1998. Including one-time charges, Razorfish reported a loss of $23 million, or 26 cents a share for the quarter.
Revenue for the year was $170.2 million, up 103% over 1998. The company reported a loss of $14.5 million, or 17 cents a share, for the year. This compares with net income of $4 million, or 8 cents a share, in 1998.
We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
The State of IT & Cybersecurity Operations 2020Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!