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Updated from 5:25 p.m. EDT



, the one-time dot-com darling, increased year-over-year revenue a bit and narrowed its losses, the company reported after the close on Monday.

For the second quarter of its fiscal year, Ariba tallied a net loss of $51.6 million, or 19 cents a share, compared to a loss of $151.5 million, or 59 cents a share, a year ago, according to generally accepted accounting principles. Revenue was $59.3 million, up 3% from the $57.4 million reported in the second quarter of 2002.

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Ariba set guidance for the current quarter under Wall Street estimates. The company said revenue in the June quarter is expected to be $55 million to $59 million; Wall Street had expected $60.3 million. The company said it would earn a penny to 3 cents, compared with Street estimates of 3 cents EPS.

The second quarter of 2003 included noncash amortization charges of $49 million for goodwill and other intangible assets and $1.2 million for stock-based compensation. In addition, the company incurred approximately $7 million in expenses during the second quarter of fiscal 2003 relating to its recently completed accounting review, which was roughly $5 million higher than expected.

For the corresponding quarter in fiscal 2002, Ariba recorded noncash charges of $141.3 million for amortization of goodwill and other intangible assets, $5.1 million for stock-based compensation and $5.6 million for warrant costs, as well as a benefit of $158,000 for restructuring costs.

Software license revenue for the quarter was $27.7 million, up 10% from last year's total of $25.2 million.

Wall Street expected the company to earn 2 cents (on a pro forma basis) on revenue of $58.2 million, according to Thomson Financial/First Call.

Ariba closed the regular trading day up 8 cents, or 2.1%, to $3.94.