Software maker

Vignette

(VIGN)

reported Tuesday that second-quarterrevenue fell by more than 50% compared to a year ago due to stagnant ITspending.

The Austin, Texas-based company reported a GAAP net loss of $19.9million, or 8 cents a share, in the second quarter, compared to a GAAP netloss of $183.4 million, or 76 cents a share, in the same period a yearearlier. Last year's loss included a $124.1 million charge for amortizationof intangibles.

Excluding charges, Vignette registered a "core" net loss of $11.5million, or 5 cents a share, compared to a core loss of $10.8 million, or 4cents a share a year earlier. The company said revenue declined 57.4%, to$35.6 million in the second quarter, from $83.6 million a year earlier, and23.3% sequentially from $46.4 million in the first quarter.

Wall Street's estimates called for Vignette to lose 5 cents a share on$40.9 million in revenue in the second quarter, according to ThomsonFinancial/First Call.

Earlier this month, Vignette, which helps companies manage their onlinecontent, said it expected to report total second-quarter revenue of $34million to $35 million. The core operating loss for the quarter wasexpected to range from $13 million to $14 million, or about 5 cents ashare.

Shares of Vignette fell 9 cents, or 5.7%, Tuesday to close at $1.50. Inafter-hours trading, Vignette shares rose to $1.60.