Interwoven was down 13.8% in preopen Island trading, a day after it posted a second-quarter profit of 1 cent per share. The Street was expecting a break-even quarter. A year ago, the maker of software for managing Web content posted a loss of 1 cent per share.

The company said, however, that revenue fell 9% from a year earlier and it expects the slowdown to continue. Interwoven said third-quarter revenue should be $47 million to $52.5 million, below analysts' consensus estimate of $53.7 million.