Netscape Q3 revenues soar 329% to US$100 million

Netscape's revenues have skyrocketed since the Internet software company went public in August last year.

Netscape's third-quarter revenues have soared 329% to US$100 million, while earnings have jumped from US$200,000 to US$7.7 million in one year, the company reports.

Earnings for the nine months that ended September 30 were US$12.2 million on revenues of US$231.1 million. That compares to a loss of US$7.1 million on revenues of US$43.8 million, for the same period in 1995. The firm went public in August of last year during the third quarter.

President and chief executive Jim Barksdale credits the success to inroads made in the corporate market and help from reseller partners who contributed more than half of revenues for the quarter.

Netscape, which commands an estimated 80% share in the browser market, released Netscape Navigator 3.0 during the third quarter of this year. It also announced the formation of Navio Communications, an independent Internet software firm geared toward the network appliance market.

Netscape is on the Web at http://www.netscape.com.

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