CMGI (CMGI) didn't just meet its numbers for the fiscal fourth quarter. It introduced a whole new bunch.
The Massachusetts-based Internet incubation empire
reported Thursday a basic loss per share of $2.17, compared to a profit of $2.12 in the corresponding quarter one year earlier, and analysts' predictions, as tallied by
, of a loss of $2.45. Along with these numbers, CMGI for the first time broke out financial results for the six different lines of business
into which the company recently reorganized, giving outsiders a closer look at the performances of individual businesses.
Continuing the focus on profitability that the company publicly initiated early this month, CMGI is predicting that four of its five operating segments will be profitable -- not counting interest, taxes, depreciation, amortization and in-process research and development -- by the end of the fiscal year ending July 2001. (The laggard is its smallest operating unit, called Infrastructure and Enabling Technologies, which includes Web-hosting subsidiary
and other properties; the sixth, nonoperating, business line is the firm's successful venture capital arm.)
Within CMGI's fourth-quarter revenue of $377.2 million, up from $56.5 million one year earlier, the company's largest operating line of business is what it calls e-Business and Fulfillment, which includes
, a fulfillment services company, and
, an Internet auction site. That segment accounted for $141.2 million in revenue in the fourth quarter.
The second-largest operating segment is Search and Portals, containing the
search site, among other properties. That segment accounted for $98 million in fourth-quarter revenue. In a conference call with analysts Thursday night, CMGI Chairman David Wetherell said that AltaVista, which scuttled a planned IPO earlier this year, could conceivably go public in the first quarter of calendar 2001. Acknowledging recent
rounds of layoffs at AltaVista and
CMGI's Internet advertising subsidiary
, Wetherell told analysts CMGI planned no further reductions in its workforce.
Ahead of the earnings release, CMGI's stock held steady Thursday at $36.44, though it slid after hours along with other tech stocks following Intel's