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July 18, 1997updated 05 Sep 2016 1:09pm

XCELLENET POSTS SECOND-QUARTER LOSS

By CBR Staff Writer

XcelleNet Inc has reported a second-quarter net loss of $32,000 down from net income of $363,000 for the same quarter last year. Revenues during the quarter were up 19% to $12.3m from $9.8m. On a per share basis, earnings for the second quarter of 1997 broke even, compared to earnings per share of $0.05 for the 1996 second quarter. In a separate announcement also made yesterday the company said that its CFO, Sidney Sack, is to quit at the end of the month. However the company insisted the two announcements were not related. According to the Xcellent’s chairman and CEO, Dennis Crumpler the company has seen a growth dip which was disappointing. The company operating expenses rose 11.1% to $12.3m from $9.8m during the quarter as the company completed the porting of its RemoteWare remote systems management product from OS/2 to Windows NT and tried to up its marketing to suit. However Crumpler, said despite this the company failed to complete as many sizable deals as it had planned it would in the quarter.

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