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Software industry

Borland International Inc. Reports Third Quarter Revenue Increase

Strategic Insights

— 2 min read

Borland International Inc. announced significant financial gains in their third quarter, showcasing a revenue increase of 7.1 percent compared to the same period in fiscal 1993. Net income for the quarter, which ended December 31, 1993, was a notable $418 thousand, contrasting sharply with the net loss of $61.3 million experienced in the third quarter of fiscal 1993. The company's results demonstrated a marked improvement, with earnings per share standing at two cents for the quarter. These positive developments were echoed in the nine-month period, where net income rose to $9.4 million, compared to a net loss of $54.3 million in the corresponding period the previous year.

Key Takeaways:

  • Borland International Inc. reported third quarter revenue of $111.7 million, representing a 7.1 percent increase from $104.3 million in the same period of fiscal 1993.
  • The company's net income for the third quarter of fiscal 1994 was $418 thousand, a stark contrast to the net loss of $61.3 million in the third quarter of fiscal 1993.
  • Earnings per share for the third quarter of fiscal 1994 stood at two cents, compared to a loss of $2.34 per share in the same period of fiscal 1993.
  • The company's nine-month revenue decreased by 1.3 percent from $346.9 million to $342.5 million.
  • Net income for the nine-month period of fiscal 1994 was $9.4 million, a significant improvement from the net loss of $54.3 million in the corresponding period of fiscal 1992.
  • Selling, general, and administrative expenses for the quarter ended December 31, 1993, decreased by 18.4 percent to $66.2 million from the previous year's $81.1 million.
  • Research and development costs for the quarter were $14.9 million, representing a 20.9 percent decrease from $18.9 million in the same period of the previous year.
  • The company focused on expanding market share and aiding customers in transitioning their PC software applications to client/server environments during the quarter.
  • Philippe Kahn, chairman, president, and CEO of Borland International, highlighted the company's efforts in promoting growth and aiding customers in the quarter.

Statistics:

  • Third quarter revenue for 1993: $104.3 million
  • Third quarter revenue for 1994: $111.7 million (7.1 percent increase)
  • Net income for the third quarter of 1993: -$61.3 million
  • Net income for the third quarter of 1994: $418 thousand
  • Earnings per share for the third quarter of 1993: -$2.34
  • Earnings per share for the third quarter of 1994: $0.02
  • Nine-month revenue for 1992: $346.9 million
  • Nine-month revenue for 1993: $342.5 million (1.3 percent decrease)
  • Net income for the nine-month period of 1992: -$54.3 million
  • Net income for the nine-month period of 1993: $9.4 million

Sources:

  • Borland International Inc. press release (NASDA: BORL)
  • Company public disclosure filings with the SEC

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