IONA Technologies Announces Record Revenues
WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 20, 2000--IONA© Technologies (NASDAQ:IONA - news), a leading provider of e-business development and deployment solutions, today announced record revenues of $33.2 million for the fourth quarter of 1999, compared with $26.5 million in the corresponding period in 1998, an increase of 32%. The company reported net income of $3.8 million, or $0.17 per share in the fourth quarter of 1999. This compares to net income of $4.8 million, or $0.23 per share, in the corresponding period in 1998.
``I am very pleased with our fourth-quarter performance. It was an excellent way for us to end the year,' stated Dr. Chris Horn, chairman and chief executive officer of IONA Technologies. ``Enterprise portals are driving the next segment of the e-business revolution, and IONA, as a leading provider of products and services to organizations building enterprise portals, is well positioned to lead this market. Overall, IONA continues to capitalize on, and benefit from, the powerful trend toward e-business. This trend has greatly expanded our market opportunities.'
``In the fourth quarter we achieved the goals we set for ourselves. We increased both revenue and profitability from the prior quarter, and we had solid sales execution,' explained David James, IONA Technologies' chief financial officer. ``I am particularly pleased with product revenue which grew 35% from the prior quarter.'
During the fourth quarter, IONA:
-- Launched its strategy for e-business application development and
integration with the announcement of IONA iPortal Suite.
-- Signed enterprise deals with Compaq, Net Perceptions, Credit
Suisse, AT&T and Portal Software.
-- Announced Beta releases of Orbix 2000 and IONA iPortal
Application Server.
-- Held its first European users conference, IONA World Europe in
Dublin, Ireland.
-- Launched the IONA BeanMarket partner program.
-- Launched its IONA Solution Providers program for system
integrators.
-- Announced support for the JAVA 2 Platform, Enterprise Edition
(J2EE).
-- Announced support for Internet-standard Wireless Application
Protocol (WAP).
-- Received an investment from Intel 64 Fund. |
