DataMirror Pays Price For Failed Investment - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

DataMirror Pays Price For Failed Investment

Write-offs on investment in another vendor send supplier of enterprise application integration software into the red.

DataMirror Corp., a supplier of enterprise application integration and system-availability software, on Tuesday reported strong sales in its third quarter, but write-offs for its investment in another software vendor put the company in the red.

For the quarter ended Oct. 31, DataMirror reported sales of $15.7 million, up 9.7% from the same period last year. License revenue, which many software vendors have seen decline during the slowdown in IT spending, was up nearly 16% year-over-year to $8.4 million. Maintenance-related revenue also increased while services revenue declined slightly. "Another solid quarter of revenue growth and cost-control," says CEO Nigel Stokes.

But DataMirror reported a net loss of $4.3 million, 38 cents per share, for the quarter because of a write-down of nearly $4.6 million for the company's investment in PointBase Inc., a developer of Java-based mobile database software. Without that and other one-time charges, DataMirror's net income was $1.6 million.

For the fourth quarter, DataMirror expects revenue to be in the range of $15.8 million to $16.3 million, while net income is expected to be in the range of 10 cents to 14 cents per share.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
11 Things IT Professionals Wish They Knew Earlier in Their Careers
Lisa Morgan, Freelance Writer,  4/6/2021
News
Time to Shift Your Job Search Out of Neutral
Jessica Davis, Senior Editor, Enterprise Apps,  3/31/2021
Commentary
Does Identity Hinder Hybrid-Cloud and Multi-Cloud Adoption?
Joao-Pierre S. Ruth, Senior Writer,  4/1/2021
Register for InformationWeek Newsletters
Video
Current Issue
Successful Strategies for Digital Transformation
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll