Sign in Subscribe
Software industry

Delrina Corp. Reports Record Third Quarter Results with 112% Revenue Growth

Strategic Insights

— 1 min read

Delrina Corp., a leading provider of PC-based software products and services, announced its third quarter results for the period ended March 31, 1994. The company reported a significant increase in revenues and profits, with net income per share reaching 25 cents, up from 9 cents in the same period last year. Delrina's success can be attributed to the launch of new products such as WinFax PRO 4.0, WinComm, and FormFlow, which have gained significant market momentum.

Key Takeaways:

  • Delrina Corp. reported a 112% increase in revenues to $27.6 million in the third quarter of 1994, compared to $13 million in the same period last year.
  • Net income for the quarter increased to $5.2 million, as compared to $1.6 million for the comparable period last year.
  • Delrina's net income per share was 25 cents, up from 9 cents in the third quarter fiscal 1993.
  • Revenues for the nine months ended March 31, 1994 were $70 million, a 101% increase compared with $34.9 million for the nine months ended March 31, 1993.
  • Delrina reported net income of $11.9 million or 59 cents per share for the nine months ended March 31, 1994, as compared to $3.3 million, or 20 cents per share for the nine months ended March 31, 1993.
  • The company cited the successful launch of WinFax PRO 4.0, WinComm, and FormFlow as key factors contributing to its success.
  • Delrina's FormFlow was selected as Editor's Choice in this month's issue of PC Magazine, further supporting the company's growth momentum.

Statistics:

  • 101% increase in revenues for the nine months ended March 31, 1994, compared to $34.9 million for the same period in 1993.
  • 210% increase in profitability, not including $2.3 million realized from foreign exchange profits, over the comparable period last year.
  • 500+ employees working for Delrina Corp.
  • Over 4 million copies sold of Delrina's WinFax software.
  • Over 400,000 copies of Delrina's forms software shipped.

Sources:

  • Delrina Corp.'s third quarter results press release, March 1994.
  • Delrina Corp.'s official website, 1994 (no exact date provided).

Read more