Borland Revenues Jump 7 Percent
The company generated $59.7 million in revenues in Q2, although net income dropped $1.7 million.Borland Software Corp. saw its second-quarter revenues increase by 7 percent over a year ago, but its net income dropped $1.7 million. In the quarter ended June 30, the Scotts Valley, Calif., company generated $59.7 million in revenues, up from $56 million in the second quarter of 2001. Net income was $4.7 million, a drop from the $6.4 million of a year ago, according to numbers released Thursday.
President and CEO Dale Fuller said that despite the drop in income, there were revenue increases in key areas of the business. In particular, revenues in the Java area jumped 42 percent, fueled in large part by the release in June of the Java development environment JBuilder 7.