It made an operating loss of $4.88m compared to $3.96m in the same period last year. The diluted net loss per share was $0.16 compared to $0.10 a year ago.
Cash generated from operations was $6.1m compared to $3.1m last year. The company said services revenue fell 1% to $11.5m, and license revenue fell 34% to $4.5m.
For fiscal 2008, the company reported a net loss of $13.97m compared to a net loss of $13.14m a year ago, on revenue up 6% at $107.18m.
Leslie Stretch, president and CEO of Callidus, said: Being able to grow our business during depressed times illustrates the mission criticality and rich value proposition of our sales performance management solutions. We entered 2008 with just over 20% of total revenues being of a recurring nature, and we exited the year with almost 40% of total revenues coming from the recurring category. We reduced non-GAAP operating expenses by approximately $4.3m, or 8%, in 2008 as compared to 2007.
For the first quarter the company expects revenue between $24m and $25.5m and operating expenses between $14m and $15m. For fiscal 2009, it expects recurring revenue to be approximately $50m.
