Feeds

Borland to miss Q1 targets

Slow closures blamed

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?