CarrierHotels.com home page
Printed from:
http://www.carrierhotels.com/news/2004/Mar/16/revenues_improve_at_navisite_print.html
By Rich Miller
Carrier Hotels Editor
Posted Mar 16, 2004
© 2004 Carrier Hotels, Inc., 116 Village Boulevard, Suite 200, Princeton, NJ 08540
http://www.carrierhotels.com -- Phone: (609) 243-7525
http://www.carrierhotels.com/news/2004/Mar/16/revenues_improve_at_navisite_print.html
Revenues Improve at NaviSite
By Rich Miller
Carrier Hotels Editor
Posted Mar 16, 2004
Andover, Mass. - NaviSite, Inc. today reported financial results for its second quarter of fiscal year 2004, which ended January 31, 2004. For the second quarter of fiscal year 2004, total revenue increased 19% to $22.3 million from $18.8 million in the second quarter of fiscal year 2003. Gross profit grew for the second quarter of fiscal year 2004 to $5.6 million (or 25% of revenue), compared to a gross profit of $1.8 million (or 9.3% of revenue) in the second quarter of fiscal year 2003. Net loss for the second quarter in fiscal year 2004 totaled $3.4 million, or a loss of $0.14 per share, versus a net loss of $20.2 million, or a net loss of $2.07 per share, in the second quarter of fiscal year 2003. Read the full release ...
http://www.carrierhotels.com -- Phone: (609) 243-7525