Versata Software License Revenue Increases 17% from Q3; Cash Burn and Pro-Forma Net Loss Each Reduced to Under $1 Million.

Business Wire (December 12, 2002)

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Versata Software License Revenue Increases 17% from Q3; Cash Burn and Pro-Forma Net Loss Each Reduced to Under $1 Million.

Business Editors/High-Tech Writers

OAKLAND, Calif.--(BUSINESS WIRE)--Dec. 12, 2002

Versata, Inc. (Nasdaq:VATA), a provider of software and services that automate the business logic and processes that power enterprise applications, today released its results for the fourth quarter and fiscal year ended October 31, 2002.

Total revenues for the quarter ended October 31, 2002 were $4.6 million, flat from the quarter ended July 31, 2002. Revenues for the fiscal year ended October 31, 2002 were $20.2 million, as compared to $30.1 mil...

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