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Shares in Commerce One surged by 25 per cent today after the electronic commerce software and services supplier beat fourth quarter turnover expectations by posting narrower than expected losses.
Published: 19 January 2001 16:41 GMT
Turnover for the quarter soared to $191.4m from $16.9m for the same period last year.
Fourth quarter losses were $10.8m, narrower than the $11.7m for the quarter ended December 31 last year.
Mark Hoffman, chairman and CEO of Commerce One, said in a press release: "We believe Commerce One's results for the quarter and the year reflect the significant and continuing demand for e-marketplace solutions."
Last month, Commerce One opened its Japanese headquarters in Tokyo, tapping into the second largest IT market in the world after the US.
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