Ariba, Inc., Mountain View, CA, said that its second quarter revenue was up 126% from $40 million a year ago to $90.7 million, while its net loss increased from $11.5 million to $48.3 million. The company attributes $33.6 million of the loss to charges related to a cancelled acquisition and equity investment. The quarter ended March 31. During the quarter, the business-to-business software and platform
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Ariba, Inc., Mountain View, CA, said that its second quarter revenue was up 126% from $40 million a year ago to $90.7 million, while its net loss increased from $11.5 million to $48.3 million. The company attributes $33.6 million of the loss to charges related to a cancelled acquisition and equity investment. The quarter ended March 31.
During the quarter, the business-to-business software and platform provider announced that it would implement spending cuts, including a 30% workforce reduction, during the third quarter.
