Covisint Corp. (NASDAQ: COVS) said revenues for the third quarter increased by 1% year-over-year to USD24.1m.
Revenue in the subscription and support segment increased 21% year-over-year to USD17.6m, while services revenue was USD6.5m, which was 30% lower year-over-year.
GAAP gross profit was USD10.4m. GAAP gross margin for the quarter was 43%.
Covisint provides a leading cloud engagement platform for creating and enabling new mission-critical external business processes. Learn more at www.covisint.com.