Utility vendor Quarterdeck appears to be the latest PC software vendor to stage a comeback.
The company known best for tools such as its QEMM memory manager and its Clean Sweep uninstall utility emerged from the red in its first fiscal quarter, reporting net income of $316,000 on revenues of $20.6 million.
Though down on year ago revenues of $27.4 million, sales were up from the previous quarter, when the company lost 3.6 million on sales of $15.2 million (not including a $11.7 million restructuring charge). The company said it also reduced its bank debt and increased its working capital $10.9 million to $17.9 million.
Curt Hessler, president and CEO, said the company was "solidly on course for a year of profitable growth".
Quarterdeck suffered a severe fallback in 1996 after a period of rapid growth fuelled by acquisitions. The company lost $74 million in 1996 and $16.5 million in 1997.
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