NaviSite Inc. Reports In-Line Earnings (NAVI)

NaviSite Inc.

reports Q4 earnings loss of $0.04 versus consensus of $0.04 loss. NaviSite Inc. reports revenues of $32.7 million versus consensus of $32.17 million. "Fiscal 2010 was a year of significant transformation, as we sharpened our enterprise focus, restructured the sales organization, divested non-core assets and deleveraged our balance sheet," stated Brooks Borcherding, President and Chief Executive Officer of NaviSite. "The successful execution of our strategy, combined with the launch of our innovative, enterprise-class cloud offerings, positions us for continued growth as we head into fiscal 2011." Shares of NAVI are flat in the after-hours trade.