Feeds

Borland on black track, says CEO

Balls in the air

Beginner's guide to SSL certificates

Borland Software's chief executive has re-committed his company to fourth-quarter profitability, despite moving deeper into debt on increased sales.

Borland saw its net losses increase 6.6 per cent to hit $19m, or $0.25 per share, while net revenue increased 15 per cent to $76.9m during its second quarter ended June 30. Borland's revenue beat the company's own expectations for between $73m and $75m - numbers that had been revised up from $69m.

Chief executive Tod Nielsen told investors Wednesday profitability in the fourth quarter remained his goal, as Borland executes a set of complex maneuvers.

Borland is in the midst of spinning out its integrated development environment (IDE) business - which has already been set up as a business within Borland - while digesting testing and performance management vendor Segue as part of a restructuring.

Restructuring will see Borland cut its 1,350 headcount to 1,025 by the end of the year, as Borland spins out tools and also closes offices in certain markets. "As you can tell, there are a lot of balls in the air," Nielsen told Wall Street.

The changes are designed to position Borland for application "lifecycle management" sales, focused on "business optimization," regulation and governance. Nielson appeared reluctant to say which of Borland's products were top sellers during the quarter, explaining customers are looking at the whole suite.

Turning to the competition, Nielson said Borland has an advantage over long-time rivals Rational and Microsoft because they are too focused on their own software runtime environments. He expects an existing partnership with Mercury Interactive - in the process of being bought by Hewlett Packard - to continue despite the fact the duo will compete on application performance and IT governance.®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.