Corio Reports First Quarter 2004 Financial Results; Revenue Grows from Prior Quarter; Fifth Consecutive Quarter of EBITDA Profitability.
Business Wire › April 27, 2004
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Corio Reports First Quarter 2004 Financial Results; Revenue Grows from Prior Quarter; Fifth Consecutive Quarter of EBITDA Profitability.
Business Editors/High-Tech Writers
SAN CARLOS, Calif.--(BUSINESS WIRE)--April 27, 2004 Corio, Inc. (NASDAQ:CRIO), a leading enterprise application service provider, today reported results for its first quarter ended March 31, 2004. Revenues for the first quarter of 2004 were $17.6 million, a 3 percent increase over the $17.1 million reported for the prior quarter. Net loss on a GAAP basis for the first quarter of 2004 was $2.2 million, or $0.04 per diluted share, a 56% decrease from the net loss of $5.2 million, or $0.09 per diluted share, reported for the same period in 2003. Non-GAAP net income for the first quarter of 2004 was $0.2 million, compared to ...See the full content of this document
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