Interland, a provider of web hosting and other services, cut its quarterly losses by 62 percent from one year ago in its most recent reporting period.
Interland (Nasdaq: INLD) reported Monday that it lost $3.2 million for its first quarter of fiscal 2005.
The company said it had revenues of $23.1 million and positive cash flow of $2 million. Among factors cited for improvement were launch of a new product (MyEzClicks) for generating and guaranteeing web traffic, cost reductions, cuts in customer churn rate, and growth in channel sales.
Interland reported cash, investments and equivalents on hand of $36.5 million.
Interland: www.interland.com
