Vignette Corp has reported a net loss of $0.23m for the fourth quarter 2008, compared to a net profit of $12.96m in the year-ago quarter
Web content management vendor Vignette Corp has reported a net loss of $0.23m for the fourth quarter 2008, compared to a net profit of $12.96m in the year-ago quarter, on revenue down 29.4% at $37.16m. It attributed the loss to $1.3m of restructuring charges incurred during the quarter.
It made an operating loss of $2.9m, compared to operating income of $3m in the same period last year. The diluted net loss per share was $0.01, compared to diluted EPS of $0.49 last year. Cash and cash equivalents was $120.4m compared to $94.2m in the year-ago quarter.
For the fiscal year it reported a net loss of $6.28m, against profit of $24.83m in 2007. Revenue declined 11.6% to $169.55m.
In all, nine new products and 10 product upgrades were released in the key areas of Web content management, social media and Web experience optimization.
Mike Aviles, president and chief executive at Vignette, said: In 2009, Vignette is looking to build on its position as the leading independent provider of content management offerings. We are committed to keeping our balance sheet strong while we continue to enhance our product portfolio to position the company for the long term.