Accrue Software Announces Fiscal 2001 Fourth Quarter Financial Results; Company Also Announces Organizational Changes.

Business WireMay 14, 2001

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Accrue Software Announces Fiscal 2001 Fourth Quarter Financial Results; Company Also Announces Organizational Changes.

Business Editors

FREMONT, Calif.--(BUSINESS WIRE)--May 14, 2001

Accrue(TM) Software, Inc. (NASDAQ: ACRU), today announced financial results for its fiscal 2001 fourth quarter ended March 31, 2001.

For the fourth quarter, Accrue reported net revenues of $3.3 million, compared to net revenues of $2.5 million reported in the previous quarter, representing a sequential growth of 34%. The pro forma net loss for the fourth fiscal quarter was $10.4 million, or ($0.35) per share, compared to a pro forma net loss of $8.0 million, or ($0.28) per share reported in the third fiscal q...

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