Documentum Inc, the Pleasanton, California-based provider of document management software, reported a second-quarter net loss of $2.7m down from a profit last time of $3.1m, on revenue up 2.7% at $29.2m. The company’s first half net loss of $7.1m fell from a profit of $5.4m on revenue that remained at $5.3m. The loss per share was fractionally better than First Call estimates of $0.16 for the quarter, falling from a profit of $0.19. Loss for the half was $0.43, from a profit of $0.32 in the same period last year. CEO Jeffrey Miller justified the figures by saying that the company was still in the middle of restructuring, moving away from traditional document management software to business process centered applications, such as an e-commerce content management.
