Platinum Technology managed to do slightly better than Wall Street analysts had predicted for its third quarter results, posting profits of $21.6 million or 23 cents a share. The consensus on Wall Street had been it would come in at 22 cents a share.
Andrew Filipowski, chief executive officer of Platinum, said the results reflected the company?s balanced portfolio, as it managed to both cut costs and increase sales. Third-quarter sales rose 31 per cent compared to the same period last year, up to $250 million, from $191 million.
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