3Q numbers from Documentum and Stellent showed improvement in licensing and service.
Amid rampant consolidation in their market, content-management vendors are firmly in growth mode, even if profits aren't rolling in. Two of the market's notable players, Documentum Inc. and Stellent Inc., reported Tuesday third-quarter earnings that showed improvement on both the software license and service fronts.
Documentum, fresh off the news that it's being acquired by storage vendor EMC Corp., saw revenue climb 31% over the same quarter last year and 8% from the previous quarter. Profits were hampered by amortization charges of more than $3 million related to recent acquisitions, as well as seasonal fluctuations that make the third quarter a traditionally slow one. But the fourth quarter is setting up well, CEO Dave DeWalt told analysts during a conference call. "We do see a very strong pipeline going forward."
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