Demandware loss widens on higher costs

Reuters News
Posted: May 08, 2012 7:18 AM
Demandware loss widens on higher costs

(Reuters) - Software maker Demandware Inc's first-quarter loss widened on higher costs.

Net loss attributable to shareholders increased to $3.4 million, or 42 cents per share, from $2.0 million, or 66 cents per share, a year ago.

Demandware, which went public in March, makes software that powers e-commerce sites.

Revenue for the quarter rose to $16.1 million from $11.6 million last year.

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(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sreejiraj Eluvangal)