Feeds

Borland to miss Q1 targets

Slow closures blamed

  • alert
  • submit to reddit

Boost IT visibility and business value

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

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.