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Revenue up but so are losses

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InterX has posted its first quarterly results since the sale of its distribution arm Ideal Hardware which reveal an increase in turnover - but also a move further into the red.

Turnover for the quarter ending November 5 was £2 million compared to £1.5 million for the previous quarter but losses per share, before exceptional items and amortisation of goodwill, were 16.72p up from 12.99p.

The sale of Ideal Hardware's buildings, which allowed InterX to pocket £1.9 million profit, is the final become a pure play software business specialising in eCRM and content management.

During the quarter, InterX product licence revenue grew from £200,000 to £700,000. It signed up three new direct customers, including publisher Reed's online recruitment business, Totaljobs.com.

Proving it eats its own dog food, another fresh customer is Diligenti, a firm which InterX has invested in.

Earlier this month InterX launched the latest version of BladeRunner, its main product, and it hopes to secure more customers through a presentation at Sun Microsystems' London office latter this month.

InterX will need to expand its consultancy and integrator network in order to scale up its operations and is partnering with firms such as Northgate Information Solutions in order to give Broadvision, the no.1 player in this field, a serious run for its money. ®

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