Micromuse Inc, which went public on February 13, has reported second quarter revenues of $6.2m, up 262% on the $1.7m revenues it made during the same quarter last year. The net loss for the quarter was $1m, compared with a $3m loss the previous year. Revenues for the six month period were $11m, and the net loss $3.9m. The loss figures include non-recurring charges for accretion on preferred stock outstanding prior to the IPO. Pro forma net losses, excluding those charges, were $596,000 for the quarter and $1.9m for the six months. Micomuse chairman and CEO Chris Dawes said the figures showed the accelerating growth of the company’s service level management business, based around its NetCool product line. Micromuse is currently engaged in building up its OEM and reseller channels, and said that 25% of its business went through channels during the quarter. New customers included Deutsche Telekom AG, DirecTV, Harbinger and Wal-Mart. á
