Borland Revenues Jump 7 Percent

 
 
By Jeffrey Burt  |  Posted 2002-07-25
 
 
 
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.

The company this quarter also released JBuilder Enterprise, Sybase Edition and JBuilder MobileSet 3.

The company this week also rolled out Kylix 3, an enhanced Linux development tool with new support for C++.

Fuller said the company was helped in the quarter by not dumping a lot of new products on users. Instead, customers were able to take what they needed as they grew.

"Were not choking the channels with new products," he told analysts during a conference call.

Borland executives said they expect revenues to grow 5 percent to 10 percent in the third quarter.

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