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Apptio Q1 loss narrows YOY

Apptio Inc. said its normalized net income for the first quarter was a loss of 29 cents per share, compared with a loss of 46 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $3.6 million, compared with a loss of $5.7 million in the prior-year period.

The normalized profit margin increased to negative 9.9% from negative 18.7% in the year-earlier period.

Total revenue rose 20.9% year over year to $36.8 million from $30.5 million, and total operating expenses rose 9.0% year over year to $42.5 million from $39.0 million.

Reported net income came to a loss of $5.9 million, or a loss of 46 cents per share, compared to a loss of $9.2 million, or a loss of 74 cents per share, in the year-earlier period.