Business Wire - October 21, 1999 - Sagent Technology, Inc., (NASDAQ: SGNT) announced its financial results for the third quarter ended September 30, 1999. Revenue for the quarter increased 117% to $10.0 million, from $4.6 million in the third quarter of 1998. Net losses for the 1999 nine-month period were $970,000, compared to a net loss of $11.7 million in the same period last year.
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the sudden rash of vendors moving to integrated solutions (See TEC News Analysis Article: Data Warehouse Vendors Moving Towards Application Suites , September 29, 1999), Sagent would appear to be on the right track. Examples of applications using Sagent technology include drugstore.com, which selected Sagent to track and analyze customer purchasing data. As more and more companies attempt to conduct e-commerce, Sagent's ability to provide references for working e-business solutions should help them in