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Article: CMGI Announces Record First Quarter Revenues of $123.7 Million Internet Segment Revenues Grow 1,633% over Prior Year First Quarter and 352% over Preceding Quarter.
- Article from:
- Business Wire
- Article date:
- December 16, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ANDOVER, Mass.--(BUSINESS WIRE)--Dec. 15, 1999--
CMGI, Inc. (NASDAQ:CMGI) today reported net revenues of $123.7 million for the first quarter ended October 31, 1999, a 131% sequential increase in quarterly revenues and a 231% increase compared with last year's first quarter. Net revenues for the Company's Internet business segment increased 1,633% compared with the first quarter of fiscal 1999, and increased 352% compared with the fourth quarter of fiscal 1999. Net revenues for the Company's fulfillment services segment increased 19% compared with the first quarter of fiscal 1999, and increased 11% compared with the fourth quarter of fiscal 1999.
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