Netscape?s second quarter revenue rose 80 per cent on the same period last year, on the back of strong shipments of its messaging and Web server software.
Revenue was $135.2 million for the quarter ended June 30, up from $75 million in 1996. Profit was $8.8 million before one-off charges, up 52 per cent from $5.8 million last year. However, this was hit by a $52.6 million charge for two acquisitions during the quarter - Digitalstyle, a Web graphics tools vendor and Portola Communications, a messaging systems developer. The charge meant Netscape had a net loss of $43.8 million for the quarter.
Advertising and publishing revenue related to Web sites saw a small growth and contributed more than 25 per cent of revenue, while product sales grew 10 per cent. The company said new product launches during the quarter would begin generating more revenue growth in the coming months.
?With [Suitespot 3.0 and Communicator] Netscape has once again proven its competitive edge and reinforced its role as an Internet technology leader,? said Jim Barksdale, chief executive of Netscape.
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