Inktomi Reports First Quarter Results
Inktomi Reports First Quarter Results Announces Agreement to Sell Commerce Business FOSTER CITY, Calif., January 18, 2001 - Inktomi Corp. (NASDAQ: INKT) today reported financial results for the first fiscal quarter ended December 31, 2000. Revenues for the quarter totaled $80.5 million, a 123 percent gain over revenues of $36.1 million for the comparable quarter in the last year. Pro forma net income for the quarter, which excludes the amortization of goodwill, employee stock compensation, purchased in process R&D and one-time acquisition-related charges, was $1.0 million, or $0.01 per