Borland changes course, will spin off tools group

15.11.2006

Overall, Borland for the quarter ending in September had $82.4 million in revenues, a 21 percent increase over the same quarter a year ago. The company still lost money, however, with a non-gap loss of 6 cents per share. The non-gap figure leaves out certain expenses such as stock options.

But ALM license revenues increased 115 percent over the same quarter in 2005. ALM revenues now account for more than 60 percent over the company's revenues, Jackson said. ALM had accounted for less than one-third of revenues two years ago, he said.

This growth reinforces the company's business strategy, Jackson said.

Borland anticipates returning to profitability in 2007. Borland was last profitable in the first quarter of 2005.