Borland Announces Third Quarter 2000 Results
Borland Posts Significant Improvement in Operating Performance
SCOTTS VALLEY, Calif., Oct. 24 /PRNewswire/ -- Inprise Corporation (Nasdaq: INPR), referred to herein as Borland, today announced financial results for its third quarter of fiscal year 2000. For the third quarter, revenues were $47.6 million, up from $45.7 million in the same period a year ago. The Company recorded net income of $8.5 million (excluding approximately $3 million in non-recurring income), or $0.12 per fully diluted share. This compares to a loss of ($1.4) million or $(.03) per fully diluted share in the prior year. For more details on Borland's reported results, see the financial tables accompanying this release.
(Photo: newscom.com )
"I am very pleased with our financial performance during this quarter, which reflects continuing support for the great technology and solutions that the Company provides, and our commitment to operating excellence," said Dale L. Fuller, president and CEO. "As we move forward into Q4 and fiscal 2001 you will see continuing investment in technologies and markets that enable our customers to improve time to market as they develop and deploy applications on and for the Internet."
Cash, cash equivalents and short-term investments increased by $53.0 million to $250.7 million at September 30, 2000, up from $197.7 million at December 31, 1999, and up $6.8 million from $243.9 million at June 30, 2000.
Among the highlights for Borland during the third quarter of fiscal year 2000:
-- Revenues from our Java and Enterprise product groups were up more than
250% and 50% respectively, from the comparable quarter a year ago
-- Further strengthening of the management team with promotions for
Kevin Cornell to Vice President and General Manager for the Americas,
Nigel Brown to Vice President and General Manager of Europe, Middle East
and Africa and the appointment of Frank Slootman to Vice President and
General Manager of Software Products
-- The successful release of JBuilder(TM) 4, the award-winning visual
development environment for building Pure Java applications, applets,
JSP/Servlets, JavaBeans(R), Enterprise JavaBeans(TM) and distributed
J2EE(TM) applications for the Java(R) 2 Platform
-- The release of AppCenter(TM) 4, a management platform that aims to
maximize the uptime of Web-based applications
-- Closing key Enterprise license agreements with Bankenes
Betalingssentral, which provides bank clearing services to all major
banks in Norway, UUNET, Sol-Tec, Societe Generale, the leading
international bank in France, and Gemplus, the world's leading provider
of smart card solutions, among others
-- Announcing support, along with IBM and Microsoft, for the new Intel
Itanium processor platforms. Teaming with IBM to offer the latest Java
technology for the Linux(R) operating system
Borland will be hosting a conference call to discuss its third quarter results on Tuesday, October 24, 2000, at 4:30 p.m. EDT. Investors and other interested parties may access an online, real-time webcast of the third quarter earnings call via the Internet at www.vcall.com. To listen to the webcast, please go to Vcall's website at least 30 minutes prior to the scheduled call time to register, download and install any necessary plug-in and audio software. A replay of the call should be available within 24 hours after the call ends. To hear the replay go to Vcall's website at www.vcall.com. To access the replay by telephone, call 800-475-6701, access code 543810 (international callers dial 320-365-3844, access code 543810). |
