Despite revenue more than triple the previous year, Inktomi reported a net loss including charges of $6.3 million, or $0.13 a share for its third fiscal quarter ended 30 June.
Excluding a one time acquisition related charges of $1.1 million for the purchase of Impulse! Buy Network, the net loss was $5.2 million, or $0.10 cents per share.
This compares with a loss of $6.3 million for the same period in 1998. The loss was smaller than analyst predictions of $0.12 a share.
Revenue this quarter for the Internet search technology company increased 212 per cent to $19.6 million from $6.3 million in 1998. The revenue increase over the previous quarter was 34 per cent.
David Peterschmidt, president and chief executive of Inktomi, said: "During the quarter we continued to show top line revenue growth, major customer design wins and strong market expansion."
"We launched our new Directory Engine, extended the Traffic Server platform for value added services, forged an alliance with America Online for our search engine and completed the acquisition of Impulse! Buy Network," he added.
Earlier this week Inktomi signed a deal with BT to extend their infrastructure alliance.
BT will integrate the Inktomi Traffic Server network cache into BT's next generation Internet services, designed to improve quality of service to its corporate, portal and virtual ISP customers.
The deal extends the existing infrastructure alliance between the companies. Back in February BT agreed to host Inktomi's first European search cluster in the UK, enabling companies that license Inktomi's search engine to give European specific content priority over US content. (see Newswire 10 February).
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