Vignette Has Record Second Quarter - InformationWeek

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Vignette Has Record Second Quarter

Vignette Corp. (stock: VIGN) reported record second-quarter financials Wednesday, posting $77.1 million in revenue for the period ended June 30.

The software vendor, which makes personalization and E-business applications that help companies better serve their online customers, increased second-quarter revenue by 419% over second-quarter revenue of $14.9 million last year.

Vignette reported a core net income of $1.36 million and a core operating loss of $3.5 million, beating Wall Street consensus estimates of a $4.4 million loss, the company said.

Greg Peters, chairman and CEO of Vignette, attributed the company's growth to the "accelerating acceptance of our products and our vision for the direction of the industry." The company added 137 new customers to its roster during the quarter, including Cisco, IBM China, Bank of Montreal, J.P. Morgan, Metropolitan Life, Ralph Lauren Media, and the Robert Mondavi Corp.

Also this quarter, Vignette acquired OnDisplay Inc. in a stock swap valued at $1.7 billion. The acquisition will be accounted for as a purchase. The deal adds to Vignette's software portfolio OnDisplay's suite of business-to-business infrastructure products based on the Extensible Markup Language designed to help companies conduct business over the Internet with their customers, suppliers, and business partners.

Combined second-quarter revenue for the two companies is $88.2 million; the two reported a combined loss of $14.3 million.

In other news, personalization and E-business software vendor Blue Martini Software Inc. announced Wednesday an initial public offering of 7,500,000 shares of common stock at $20 per share. The shares will trade on the Nasdaq National Market under the symbol "Blue."

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