For the first quarter of fiscal 2009, GAAP net loss attributable to common stockholders was $3.5m or $0.10 per share, compared to a GAAP net loss attributable to common stockholders of $4.7m or $0.14 per share for the same quarter of fiscal 2008. Gross profit was $12m for the first quarter of fiscal 2009, compared to a gross profit of $11m for the same quarter of fiscal 2008.
Arthur Becker, CEO of NaviSite, said: The modest sequential growth of our Enterprise Hosting business this quarter resulted from minor delays in the implementations of some of our larger customers. Despite the economic climate this quarter, bookings for Enterprise Hosting were only fractionally lower than our seasonally adjusted expectations and margins from our hosting practice grew-overcoming the lower margins from our professional services practice.
