B2B software developer Commerce One has joined its competitors in warning about weak financial results.
Commerce One’s announcement that it expects to lose about $US21 million in the first quarter on revenue of $US170 million came only days after Ariba, i2 Technologies and Broadvision also revealed they’d been hit by a slowdown in sales to corporate users.
Commerce One does not have an office in New Zealand, operating instead from Australia, Hong Kong, Japan, Korea, Singapore and Taiwan in the Asia-Pacific region. In New Zealand, its major customer is GSB Supplycorp-owned Supplynet, and it partners with Deloitte Consulting.
Unlike Ariba and I2, Commerce One didn’t announce any workforce cutback plans, but asked specifically during a worldwide conference call, a Commerce One spokesman said executives “will continue to look at efficiencies throughout our organisation”.
All four vendors rose spectacularly to fame last year on the back of hype about online marketplaces and e-procurement and B2B applications. Ariba says it doesn’t expect online marketplaces to pick up to those same heights again.