Feeds

Borland on black track, says CEO

Balls in the air

Eight steps to building an HP BladeSystem

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.®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.