Interland Inc. reported a net loss of $3.2 million for the first quarter, an improvement over a net loss of $8.5 million last year.
The online services firm reported revenue of $23.1 million for the quarter ended Nov. 30, compared to revenue of $26.7 million last year.
“This quarter’s results reflect encouraging progress,” said Allen L. Shulman. CFO of he Atlanta-based company in a statement. “Total operating costs and expenses have been reduced by 22% from the same quarter last year, and our net loss per share has been reduced by 62% over the same period.”
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