Average Revenue Loss from Internet Business Disruptions is Now Almost $2 Million Per Incident, Accor
Average Revenue Loss from Internet Business Disruptions is Now Almost $2 Million Per Incident, According to New Aberdeen Group Report
Large revenue losses from Internet-based business disruptions are on a collision course with huge increases in Internet usage for core business functions
business home job opportunity- Cash and cash equivalents, term investments, ended the quarter at $194.9 million, or $3.85 per weighted average share, an increase from $192.1 million in the first quarter 2002.
- Service fee revenue was $3.6 million compared to $3.9 million in the first quarter of 2002.
- Total revenue was $3.7 million and gross margin was 67%.
- Total operating expenses, cash deferred compensation, was $6.3 million.
- Cash net loss from continuing operations, as defined below, was $2.3 million, or a loss of $0.04 on a per share basis.
BOSTON--(BUSINESS WIRE)--July 6, 2004-- Internet-based business disruptions such as viruses spyware, or worms currently cost enterprises almost $2 million per incident, causing organizations to shift strategy towards how to best overcome the problem, says a new report by Aberdeen Group, a leading research firm serving major corporate technology end-users around the world.
- Total cash and cash equivalents, term investments, ended the quarter at $190.2 million, or $3.84 per weighted average share, versus $194.9 million at the end of the second quarter 2002.
- The company spent $5.6 million during the third quarter repurchasing approximately 1.3 million of its own shares.
- Total revenue was $4.0 million, up 8% sequentially from $3.7 million in the second quarter of 2002.
- Gross margin was 65%, compared to 67% in the second quarter of 2002.
- GAAP net loss was $2.2 million, or a loss of $0.04 on a per share basis, compared with the second quarter 2002 GAAP net loss of $2.5 million or $0.05 on a per share basis.
The Aberdeen report finds that Internet usage is being ratcheted up for customer sales, customer service, procurement, sourcing, distribution, and fulfillment. In fact, 75% of all firms are increasing their usage of the Internet specifically for customer sales and service.
- Revenue in the fourth quarter of 2001 was $4.5 million and gross margin was 79%;
- Cash net loss from continuing operations, as defined below, was $0.3 million, or a loss of $0.01 on a per share basis;
- Earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations, as defined below, was a gain of $0.3 million for the fourth quarter of 2001; and
- Cash and cash equivalents, term investments, ended the fourth quarter at $192.9 million, or $3.83 per weighted average share.
The Small Business Unit revenues for the quarter were $3.7 million, or 88 percent of total revenue. In addition to decreasing the marketing costs for this business unit, Stamps.com plans to raise the minimum price for its Internet Postage™ service. Beginning in November 2000, new Simple Plan customers will be charged a minimum of $4.50 per month, up $2.51 per customer from the previous pricing structure. Power Plan fees will remain at a monthly flat rate of $15.99 for unlimited use of the service.
business home legitimate"Average revenue losses, not recovery costs, are driving firms to do something about business downtime from Internet business disruptions," said Jim Hurley, Aberdeen's vice president of risk, security, and compliance and author of the report. "Increasing usage of the Internet for these core business functions means that business disruptions from Internet security can seriously impact a company's revenue."
- ScanSoft, Inc. ( SSFT) reported today net revenue of $4.5 million and net income of $105, 000 (before unusual items and goodwill amortization), or $0.00 per diluted share on 23.5 million average shares outstanding, for its first quarter ended March 31, 1999. Including effects of unusual items and goodwill amortization, the Company reported a net loss of $4.0 million or $0.18 per share on 22.2 million average shares outstanding.
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The Internet Business Disruptions Benchmark Report helps organizations do the following: business income opportunity
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Download a copy of the Internet Business Disruptions Benchmark Report by following this link: http://www.aberdeen.com/ab_company/hottopics/ibd/default.htm. business free opportunity
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About Aberdeen Group business florida opportunity
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Founded in 1988, Aberdeen Group is the trusted advisor to the Global 5000 for value chain strategies and technology advice. Through its continued benchmarking and analysis of value chain practices, Aberdeen offers a unique mix of research, tools, and services to help G5000 executives assess their value chain performance, develop improvement strategies, and select value chain solution partners. based business franchise home
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Headquartered in Boston, Aberdeen has research and consulting divisions in Atlanta, GA; Chicago, IL; Palo Alto, CA.; and Fort Collins; CO. For more information, visit www.aberdeen.com or call 617-723-7890. business opportunity vending
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Linden Alschuler & Kaplan, Inc./Public Relations based business business home
Hannah Arnold, 212-575-4545
harnold@lakpr.com
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