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ANDOVER, Mass. — Online-marketing company Engage Inc. reported a fiscal second-quarter loss from operations that was smaller than expected.
For the quarter ended Jan. 31, Engage (ENGA), which is majority owned by CMGI Inc. (CMGI), said revenue fell 10% to $28.1 million.
CMGI, the once high-flying Internet investment concern that has been battered by the downturn in technology stocks, has been retrenching amid a general downturn in the Internet sector and has vowed to reduce operating losses at its myriad units as quickly as possible.
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