Forgent reduces net loss, but revenue plummets
Posted by Sachin Garg on 30th September 2005 | Permanent Link
The company posted a quarterly net loss of about $2.9 million, or 11 cents per share, compared with a net loss of $20.6 million, or 10 cents per share, for the fourth quarter of fiscal 2004.
Forgent’s revenue took a dip for the fourth quarter, totaling $880,000, compared with $6.2 million for the same period last year.
Richard Snyder, chairman and CEO of Forgent, says “During the fourth quarter, we focused on expanding the intellectual property program and working on the litigation process as well as growing the software business and reducing operating expenses”.
Although Richard says that its growth, one can still wonder if falling revenue is the reason for the recent crackdown on small fish companies.
Forgent employs 19 people in Austin (any guesses for how many of them are lawyers? ;-) ).