"This was another difficult quarter for Viant," CEO Bob Gett said in a statement. "We are feeling the effects of an uncertain economic environment which we believe is delaying clients' plans to invest in projects." Continued uncertainty in the Internet consulting market will continue to drag down Viant 's results, he said.
In December, Viant trimmed its work force by about 125 employees, or about 17% of its worldwide staff, and said it would close its Dallas office. Viant employs 621. Revenue for the year increased to $127.2 million from $61.3 million for the preceding year. Analysts expected Viant to post revenue of $130.3 million for the fiscal year just ended. New clients this quarter include Lehman Brothers and Thomson First Call.
Copyright February 2001, Crain Communications Inc.