Bumper Q4 takes Borland into profit
Borland brought in revenues of $82.5m in the quarter ending 31 December, up 11 per cent on the $74m in the same period in 2003. A Q4 profit of $8m looked distinctly healthier than a loss of $5.7m a year earlier.
Full year revenue hit $309.5m, up five per cent on 2003, taking the company into profit again. A net loss of $40.5m in 2003 gave way to profits of $11.4m for 2004, or 14c per share.
Dale Fuller, Borland's president and CEO, attributed the healthier bottom line to a better rate of converting design wins to large scale deployments in Q4.
He said: "In 2004, we nearly tripled the number of million dollar transactions as compared to 2003. Also during the year, we were successful at broadening our relationship with global name brand companies like British Telecommunications, Nokia, Ericsson, and many others."
Borland expects Q1 2005 revenues of between $77m and $81m, translating to 3c-5c per share. ®