BroadVision Announces First Quarter 2018 Results
Summary
REDWOOD CITY, Calif., May 11, 2018 (GLOBE NEWSWIRE) -- BroadVision, Inc. (Nasdaq: BVSN ), a leading provider of e-business and engagement management solutions, today reported financial results for its first quarter ended March 31, 2018.BroadVision recorded a net increase of $0.6 million to its opening retained earnings balance as of January 1, 2018 due to the cumulative effect of adopting Topic 606.With its focus on providing a secure, single source of truth, Vmoso is ideally positioned as a platform to protect personal and corporate data, and build trusted, mutually beneficial relationships," said Dr. Pehong Chen, President, CEO and Interim CFO of BroadVision.Driving innovation since 1993, BroadVision (Nasdaq: BVSN ) provides e-business solutions that enable the enterprise and its employees, partners, and customers to stay actively engaged, socially connected, and universally organized to achieve greater business results.These risks and uncertainties include without limitation uncertainty regarding market acceptance of BroadVision’s products and services, BroadVision’s ability to sell Vmoso to its existing customers and new customers, BroadVision’s ability to provide reliable, scalable and cost-efficient Cloud-based offerings, BroadVision’s ability to effectively compete in its intensely competitive market and respond effectively to rapidly changing technology, evolving industry standards and changing customer needs, requirements or preferences, and the other risks set forth in BroadVision’s most recent quarterly report on Form 10-Q, and subsequent reports filed with the Securities and Exchange Commission.