Versant Loss Narrows In Q2

5/24/2012 4:23 PM ET

Versant Corp. (VSNT: Quote) Thursday reported a second-quarter loss, which narrowed from last year, helped mainly by higher revenues.

Net loss for the second quarter narrowed to $0.2 million or $0.07 per share from $0.5 million or $0.17 per share in the same quarter last year.

Versant reported revenues of $3.8 million, up 9 percent from $3.5 million last year. One customer accounted for 34 percent of total revenues for the quarter, whereas two customers accounted for 29 percent of total revenues.

Click here to receive FREE breaking news email alerts for Versant Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 69 Articles

Editors Pick

BoJ Keeps Easing Plan Intact; Upgrades Economic View

The Bank of Japan on Wednesday decided to keep its ultra-loose monetary policy unchanged, as expected, suggesting that the bank is moving cautiously amid concerns over the recent turmoil in the bond market. The policy board said the bank will conduct money market operations so that the monetary base will increase at an annual pace of about JPY 60-70 trillion.

Australia Consumer Morale Falls Sharply On Budget

Confidence among Australian consumers declined sharply in May to its lowest level since August 2012, driven largely by negative responses to the Federal Budget, a survey by Westpac and Melbourne Institute showed Wednesday. The index of consumer sentiment fell 7 percent in May to 97.6 from 104.9 in April. This is the lowest reading since August 2012.

NetApp Profit Tops Estimates; Boosts Buyback; Initiates Dividend

Data-storage products maker NetApp Inc. said Tuesday after the markets closed that its fourth quarter profit fell 4% from last year, hurt mainly by higher operating expenses even as revenue grew slightly. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast.