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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milestone for Sagent and it is particularly gratifying because that milestone was achieved on significant license revenue growth. Our revenue growth this quarter was driven by the strong demand for Sagent''s complete E-Business Intelligence Solution . During the quarter, Sagent signed 45 new customers, including drugstore.com, Boeing Employee''s Credit Union, Telkom South Africa, and PSINet. In addition, Sagent expanded their strategic relationship with Siebel Systems, increased the number of OEM partners,