Vignette has announced that earnings were down 11.6% from the previous year and reportedly have decreased 30% since 2007.
"Despite a challenging economic environment in 2008, Vignette delivered operating profit and positive cash flow for the full year,"
said Mike Aviles, president and CEO of Vignette. "In 2009, Vignette is looking to build on its position as the leading independent provider of content management solutions. We are committed to keeping our balance sheet strong while we continue to enhance our product portfolio to position the company for the long-term."
This is a trend we expect to continue as ECM vendors struggle to maintain both market share and overall appeal for their customers. Open Source initiatives such as Alfresco and other pay as you go based companies are seeing a growth while flat fee based products are seeing a decline. Will SaaS (Software as a Service) begin to see a rise? It's too early to tell but expect some difficult times ahead for those in the industry.
More details on the Vignette reporting at Vignette's website.