Computer Associates has $342 million loss
Article Abstract:
Computer Associates (CA), which is battling dissident shareholders over profit accounting methods, reported a fiscal first quarter loss of $342 million and a sales decline of 37%, both of which beats analysts estimates. CEO Sanjay Kumar predicted difficult market conditions for the rest of 2001, but claimed that CA will return to profitability in 2002.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2001
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Results mixed for software, computer firms; Ashton-Tate mired in losses while microsoft had 34% increase in revenue
Article Abstract:
Software manufacturers' 3rd qtr 1989 financial results varied greatly in the face of a sharp slowdown in microcomputer sales. Microsoft Corp's revenues increased 34 percent due in part to sales of its Windows products and growth overseas. Lotus Development Corp is expected to show a 28 percent revenue gain based on its shipment of the new Lotus 1-2-3 update. Ashton-Tate, however, continued to lose ground. Revenues dropped 26 percent mostly due to problems with the dBase IV update. Industry analysts predicted Oracle Systems' growth would slow to 60 percent and remained unsure about Computer Associates International because of its Cullinet Software acquisition. Analyst pointed to downsizing and opens system trends as affecting software companies and noted the trend among larger companies to broaden product lines in attempts to squeeze out smaller companies.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1989
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Lotus reports large 1st-quarter loss, says it will reorganize operations
Article Abstract:
Lotus is reporting an 18% decline in sales and a net loss of $17.5 million or 36 cents per share compared with $21.3 million or 45 cents per share in the previous year's quarter. Revenues decreased from $247 million to $202.6 million as a result of a continuing decrease in the company's desktop software business and a decline in sales of its Notes groupware. Company officials say they are planning a reorganization of Lotus to control costs but is not saying how many positions could potentially be eliminated. Lotus CEO Jim Manzi says that the company will reorganize itself into four product units, which he expects to be profitable by the end of 1995. The company will also eliminate 520 jobs when it subcontracts its manufacturing operations.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1995
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