PowerCerv, a Tampa, FL based mid-market enterprise applications vendor, has been going through its second major attempt to revitalize itself. In August it announced new products and new components to its e-business suite. Nevertheless, it still has to deal with disappointing financial results for the second quarter ended June 30, 2000.
financial results for the second quarter ended June 30, 2000. From continuing operations for the quarter ended June 30, 2000, the company reported revenue of $3.3 million and a net loss of $3.1 million, or ($0.23) per share, in comparison to revenue of $4.5 million and net income of $624 thousand for the second quarter in 1999 (See Figure 1). Figure 1. Our license revenue grew significantly over our first quarter and is heading in the right direction, we know, however, that we still have a lot of hard