Flat Revenue At Inprise Leads To Reorganization - 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

Flat Revenue At Inprise Leads To Reorganization

Inprise Corp., formerly known as Borland, yesterday said it will divide the company into two business units. The announcement followed the company's fiscal earnings report, which showed flat revenue growth.

The company will be divided into an enterprise division that will retain the name Inprise and a developer unit called Borland.com. Inprise will consist of the application server business and services, while the development of technologies such as C++, J Builder, Interbase, and Midas will become part of Borland.com. The reorganization will result in a 20% reduction of the company's 950-employee workforce. The remaining employees will be divided almost equally between the two divisions.

The separation will help the company focus on branding its products separately, says Del Yocam, chairman and CEO of Inprise. "We haven't put forth the marketing and development of our developer products," Yocam said. "This is a way to help us focus on the customer within both businesses, and a way to get the marketing message simplified for those divisions."

For the fourth quarter of 1998, Inprise saw a 3% revenue loss to $48.1 million, compared with $49.7 million in the same period of 1997. The company posted gains in net income of 379% to $3.5 million, or 6 cents per share. For the year, revenue was reported at $189.1 million, showing no growth over last year's revenue. Net income for the year was $8.3 million, or 14 cents per share, vs. a net loss of $48.4 million, or $1.01 per share, for 1997.

Yocam said the slipping of the release of C++ Builder from the fourth quarter of 1998 to the first quarter of 1999 led to the flat revenue for 1998.

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 IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Slideshows
10 Cyberattacks on the Rise During the Pandemic
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/24/2020
News
IT Trade Shows Go Virtual: Your 2020 List of Events
Jessica Davis, Senior Editor, Enterprise Apps,  5/29/2020
Commentary
Study: Cloud Migration Gaining Momentum
John Edwards, Technology Journalist & Author,  6/22/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
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