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April 6, 2004

E.piphany expects “disappointing” Q1

Analytic CRM vendor E.piphany Inc painted a gloomy picture for its first quarter by announcing preliminary results that point to a net loss of $0.07 a share.

By CBR Staff Writer

The San Mateo, California-based software provider expects the loss, which includes $0.02 of one-time restructuring costs, to be incurred against revenue of around $20m for the quarter.

In a statement, E.piphany CEO Karen Richardson blamed a large number of delayed transactions during the quarter for the disappointing results.

Like many enterprise software companies, we transact a significant portion of our business at the end of each quarter. Richardson said.

Richardson however did point to a silver lining. With another half dozen customers going live in the first quarter on E.6, and the ongoing positive feedback from customers and industry analysts, we continue to be optimistic about our long term prospects.

This article is based on material originally published by ComputerWire

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