Feeds

Borland to miss Q1 targets

Slow closures blamed

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Borland Software has warned that it will likely miss its targets for the first quarter of 2005, and is now predicting revenue of between $70-$72m for the period, and a net loss of between one and three cents per share.

The company had expected to report revenue between $77-$82m, and earnings of up to five cents per share.

The company excused its performance saying deals in the US and across Europe were slower to close than it anticipated. This trend was even more prevalent in larger scale transactions, the company said.

Dale Fuller, President and CEO of Borland said he was disappointed with the results.

"Transforming our go-to-market efforts toward true enterprise solution selling is a long-term proposition, and while we have made progress, I am frustrated with this setback on our road to growth in revenue and earnings," he commented. "There is clearly room for improved execution, particularly in the US where we have recently made regional management changes."

Borland says next quarter will be much the same, or slightly up, compared to Q1's performance. It says it is not currently planning any headcount reductions, but is planning to "undertake restructuring efforts around under utilised facilities and selected management positions" during Q2.

Shares fell around three per cent at the close of trading yesterday. The full results will be published on 21 April. ®

Related stories

RSA warns on profits
Yahoo! and Google's top brass cash in
3Com reports smaller loss as revenues shrink

Secure remote control for conventional and virtual desktops

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.