Borland has exceeded analysts' expectations for the second quarter in a row, with third quarter growth driven by sales of its Internet, client/server and server-based development tools.
These generated 56 per cent of its revenues, which grew 17 per cent to $43 million, compared with 37 per cent in the year ago period. The supplier also posted third quarter profits of $2.8 million or $0.06 compared with losses of $29.4 million in the same period last year, while analysts had expected it to report earnings of only four cents per share.
For the nine months period, Borland saw sales increase 12 per cent to $127.5 million, but turned in profits of $4.4 million compared with losses of $65.5 million last time.
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