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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Raven McCloud who wrote (10680)	5/4/1998 2:15:00 AM
From: bob zagorin	Read Replies (2) \| Respond to of 14631

Info Week (a pretty influential trade rag) Back In The Black: Informix Posts Net Profit After suffering a disastrous loss a year ago, Informix saw a healthy boost in its first-quarter numbers, according to results released yesterday. The Menlo Park, Calif., database vendor reported a net profit of $4.9 million, a gain of 3 cents per share, compared to a net loss of $144.2 million, and a loss of 95 cents per share in last year's first quarter. Revenue for the quarter totaled $167.2 million, up 12.1% from last year's $149.2 million. "We've done a good job at reducing our costs," says Bob Finocchio, CEO of Informix. "In the fourth quarter, we had an expense run-rate of $170 million, which decreased about $5 million to $164.5 million in the first quarter. But we do not intend to improve our operating costs by continuing to reduce." Finocchio says he sees opportunities for Informix in selling "high-performance OLTP." Informix also touted a string of new customers acquired during the first quarter. Hastings Entertainment, a multimedia entertainment retailer, purchased Informix's database technology for use with future applications. John H. Harland, a supplier of checks, database marketing services, and loan-automation software to the financial industry, chose Dynamic Server with Universal Data Option and Extended Parallel Option to run a variety of new applications, including an enterprisewide data warehouse. Intertainer, a Los Angeles entertainment content provider, also selected Informix Dynamic Server with Universal Data Option to run an interactive TV application.