Updated from 5:25 p.m. EDT

Ariba

(ARBA)

, 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.

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.