Netscape has posted a small third quarter profit, surprising Wall Street, which had predicted a loss of two cents a share.
The company posted a profit of $88,000 with revenues of $150.2 million for the three months ended 31 July, an 18 per cent increase on the April quarter.
Revenue from Netscape?s enterprise software and services business grew 16 per cent to $111.6 million quarter on quarter, while revenue from the portal site Netcenter increased 24 per cent to $38.7 million.
Netscape?s president Jim Barksdale said that overall the company was pleased with the results.
Netscape also announced that Bill Campbell, chairman of the board of directors at financial software house Intuit, will join Netscape?s board of directors.
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