By Aled Herbert, 24 October 2001 09:45
NEWS CRM company E.piphany has recorded a loss of $1.98bn for the quarter ending 30 September. The company put the loss down to one-off, goodwill charges after it wrote off a number of assets whose value has plunged since purchase. The company also took a $32.4m charge to cover restructuring costs. E.piphany reported revenues of $28.5m for the three months, down 27 per cent drop from the $39.1m it recorded in the same period last year. Excluding the one-time charges, net loss for the quarter was $15m, or 22 cents per share. The company said it hopes to reach profitability in the second half of 2002.
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