Borland Reports Financial Results for First Quarter of Fiscal Year 2005
SCOTTS VALLEY, Calif. - Apr 21, 2005 : Borland Software Corporation (Nasdaq: BORL), a global leader in platform-independent solutions for software delivery optimization, today announced financial results for its first quarter ended March 31, 2005.
Revenues for the first quarter of 2005 were $71.3 million, license revenue was $43.6 million, GAAP net income was $3.7 million, or $0.05 per diluted share, and Non-GAAP net income was $2.5 million, or $0.03 per diluted share. Revenue, license revenue and non-GAAP net income were at the high end of guidance provided on April 7, 2005. GAAP net income was higher than the originally estimated range due to a gain on the sale of an investment of $4.7 million.