<ARTICLE> 5 <LEGEND> THIS SCHEDULLE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF FIRSTWAVE TECHNOLOGIES INC. FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <EXCHANGE-RATE> 1 <CASH> 342 <SECURITIES> 4,850 <RECEIVABLES> 1,945<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,720 <PP&E> 1,899<F1> <DEPRECIATION> 0 <TOTAL-ASSETS> 13,177 <CURRENT-LIABILITIES> 3,082 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 9 <OTHER-SE> 10,086 <TOTAL-LIABILITY-AND-EQUITY> 13,177 <SALES> 1,319 <TOTAL-REVENUES> 3,610 <CGS> 167 <TOTAL-COSTS> 1,381 <OTHER-EXPENSES> 2,839 <LOSS-PROVISION> 2 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (556) <INCOME-TAX> 17 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (573) <EPS-PRIMARY> (.11) <EPS-DILUTED> (.11) <FN> <F1>A/R AND PPE ASSET VALUES REPRESENT NET AMOUNTS. </FN>