Advent Narrows Loss


Advent Software reported a loss of $5.2 million for the third quarter ended September 30, down from $8.4 million a year earlier, as the company took a $3.4 million impairment charge.

The loss came as third-quarter revenue rose to $38.6 million, up 11.9 percent from $34.5 million in the year earlier period. The impairment charge stemmed from the company's decision to discontinue certain Techfi products. Advent purchased Techfi in 2002.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Register now for FREE site access and more