Borland Reports Financial Results for First Quarter of Fiscal Year 2005.

Business Wire › April 21, 2005

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Borland Reports Financial Results for First Quarter of Fiscal Year 2005.

SCOTTS VALLEY, Calif. -- 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.

"Today, we announced results consistent with the ranges provided in our updated guidance on April 7," commented Da...

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