WebMethods Beats the Street With a Profit

Software

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TSC Staff

04/25/01 - 05:52 PM EDT

Business integration software maker WebMethods beat the Street estimates Wednesday, reporting a 1 cent-a-share profit.

Analysts had expected the business integration software maker to post a 2-cents-a-share loss, according to Thomson Financial/First Call.

Revenue also was slightly higher than estimates, coming in at $61.8 million, compared with the $60.8 million in analysts' estimates gathered by Multex.com.

The revenue is 4% higher than the previous quarter and a 168% increase over the year-ago quarter, according to the company's release.

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