CMGI Announces Record First Quarter Revenues of $123.7 Million Internet Segment Revenues Grow 1,633% over Prior Year First Quarter and 352% over Preceding Quarter
ANDOVER, Mass.--(BUSINESS WIRE)--Dec. 15, 1999--CMGI, Inc. (NASDAQ:CMGI) today reported net revenues of $123.7 million for the first quarter ended October 31, 1999, a 131% sequential increase in quarterly revenues and a 231% increase compared with last year's first quarter. Net revenues for the Company's Internet business segment increased 1,633% compared with the first quarter of fiscal 1999, and increased 352% compared with the fourth quarter of fiscal 1999. Net revenues for the Company's fulfillment services segment increased 19% compared with the first quarter of fiscal 1999, and increased 11% compared with the fourth quarter of fiscal 1999.
Excluding the effects of amortization of intangible assets and stock - based compensation charges in both periods, CMGI's net loss was $6.8 million or ($0.10) basic loss per share for the quarter, compared to a net income of $460.6 million or $4.82 basic income per share for the previous quarter ended July 31, 1999. Including the effects of amortization of intangible assets and stock - based compensation charges in both periods, CMGI's net loss was $117 million or ($1.08) basic loss per share for the quarter, compared to a net income of $452.7 million or $4.74 basic income per share for the previous quarter ended July 31, 1999. |
