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Callidus Software Q1 loss widens 9.4% YOY

Callidus Software Inc. said its normalized net income for the first quarter was a loss of 4 cents per share, compared with a loss of 5 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.5 million, compared with a loss of $2.3 million in the year-earlier period.

The normalized profit margin rose to negative 5.2% from negative 5.8% in the year-earlier period.

Total revenue increased 21.7% year over year to $48.4 million from $39.7 million, and total operating expenses increased 21.8% year over year to $52.6 million from $43.2 million.

Reported net income totaled a loss of $4.5 million, or a loss of 8 cents per share, compared to a loss of $4.0 million, or a loss of 8 cents per share, in the prior-year period.