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Article: CMGI Announces Fourth Quarter Fiscal 2001 Financial Results and Financial Guidance for Fiscal 2002.
- Article from:
- Business Wire
- Article date:
- September 25, 2001
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Business/Technology Editors
ANDOVER, Mass.--(BUSINESS WIRE)--Sept. 25, 2001
CMGI, Inc. (Nasdaq: CMGI), a leading global Internet operating and development company, today reported net revenue of $255.5 million for the fourth quarter ended July 31, 2001, a 12% decrease compared with the previous quarter. For the fiscal year ended July 31, 2001, CMGI's net revenues increased $347.3 million, or 39%, to $1.238 billion from $890.4 million in fiscal 2000. Fiscal 2002 net revenue is expected to decline approximately 10% versus fiscal 2001 net revenue, primarily as a result of restructuring and divestitures that commenced during fiscal 2001.
Excluding ...