Following a round of layoffs at the dusk of last year, Vignette has announced 2008 fiscal year and Q4 2008 financial results. Total 2008 revenue has dropped 11.6% over 2007. Vignette’s Q4 2008 total revenue was US$ 37.2 million, a decrease of 29.4% from Q4 2007. As we’ve mentioned before, Vignette is going through some rough patches and keeps steadily losing revenue.
For one thing, Vignette is still alive and kicking from the social media strategy perspective. The content management industry has been abuzz with speculations about Vignette’s possible acquisition for years. Something along the lines of what recently happened to Interwoven.
In the spirit of market consolidation, Vignette can be seen as a potential candidate to be swallowed by a Java-friendly software giant like Oracle. Alternatively, once the ECM rock star can just fade away… And there’s a new media strategist at VIGN to publicize the upcoming developments and news.
Although the industry is struggling, there are still some content management vendors that manage to attach the word “growth” to the word “revenue.” So, what exactly is happening to Vignette then? Where and why did it all turn sour?
Full article on CMSWire: Vignette Reports 29.4% Revenue Plunge