Ariba lost $10.3 million, or 13 cents a share, for the quarter ended Dec. 31, compared with a loss of $2.4 million, or 13 cents, a year earlier. Revenue jumped to $23.5 million from $6.9 million.
Mountain View, Calif.-based Ariba's shares have increased more than eightfold since the company first sold stock to the public in June, giving it a market value of $17.6 billion. The company is expected to benefit from a boom in e-commerce as companies shift purchasing of supplies and services to the Internet from conventional paper orders.
Operating expenses climbed to $32.4 million from $8.4 million, the company said. Ariba said its loss, excluding amortization of stock-based compensation, was $5.6 million, or 7 cents a share, compared with a loss of $1.2 million, or 7 cents a share, a year earlier. The company was expected to lose 11 cents a share, the average estimate of analysts surveyed by IBES International.
Ariba shares fell $3 to $191.
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