Borland Profitability Up $18 Million Over Year-Ago Quarter
Company Delivers GAAP Profitability
SCOTTS VALLEY, Calif. - Apr 22, 2004 : Borland Software Corporation (Nasdaq NM: BORL) today announced financial results for its first quarter of 2004.
Revenues for the first quarter were $72.9 million, and GAAP net income was $713,000, or $0.01 per diluted share. This compares to $74.0 million in revenue and a GAAP net loss of $5.7 million, or $(0.07) per diluted share, reported in the fourth quarter of 2003, and to $74.4 million in revenue and a GAAP net loss of $17.7 million, or $(0.22) per diluted shared, reported in the first quarter of 2003.