Critical Path Announces Second Quarter 2002 Results; Company Reports Strong License Sales and Launch of Partner Program.
Business Wire › August 07, 2002
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Critical Path Announces Second Quarter 2002 Results; Company Reports Strong License Sales and Launch of Partner Program.
Business Editors/High-Tech Writers
SAN FRANCISCO--(BUSINESS WIRE)--Aug. 7, 2002 Critical Path, Inc. (Nasdaq:CPTH) a global leader in Internet communications, today announced financial results for the second quarter ended June 30, 2002. The quarter's results are in-line with the Company's prior guidance. Highlights for the quarter include: -- Significant contracts with new and existing customers including Kaiser Permanente, Pactiv Corporation, Nortel Networks, Tiscali and Deutsche Post, among others -- Successful launch of a new partner program -- Significant international license sales growth -- Increased professional services revenue and margin Revenue for the second quarter of 2002 was $22.4 million, compared to $23.7 million in the first quarter 2002. Operating expenses, excluding special charges and depreciati...See the full content of this document
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