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MarchFirst 4Q Pro Forma Loss $36.7M
Thursday, March 23, 2000 12:22 AM
CHICAGO (Dow Jones)--MarchFirst, the new global Internet professional services company formed by
the merger of Whittman-Hart Inc. (WHIT, news, msgs) USWeb/CKS Corp., reported a fourth quarter pro
forma loss of $36.7 million on revenue of $322.1 million.
Pro forma excludes the effects of the purchase accounting adjustments related to the March 1, 2000,
merger of the company. Pro forma for 1999 and 1998 reflects purchase business combinations
completed by the individual companies during the two years as if each combination was consummated
Jan. 1, 1998.
In a press release Thursday, MarchFirst said it reported a third quarter pro forma loss of $53.2 million
on revenue of $297.2 million; a second quarter loss of $56.1 million on revenue of $262.5 million; and a
first quarter loss of $95.3 million on revenue of $249.3 million.
In 1999, MarchFirst reported a pro forma loss of $241.3 million on revenue of $1.13 billion; a year
earlier, pro forma loss was $388.1 million on revenue of $822.8 million.
In a separate release, MarchFirst said it created Corporate Partnership Practice, which will help large
corporate clients invest, invest in and bring to market Internet spin-offs. |
