Centura Software has finally moved into profit for the first time in three years, although its year-end revenues were flat.
For the fourth quarter ending 31 December, 1996, the tools supplier generated revenues of $17.6 million up from revenues of $13.8m in the same period last year. Net income was $1.2 million compared with net losses of $34 million last time.
For the full year, Centura?s turnover declined from $65.7 million for the same period last year, to $63.2 million this. Net income was $2 million compared with losses of $44.1 million last time.
The company said from this quarter, it would focus on pushing a new product line targeted at the Web. The new family will be based on the Web development tools it purchased as part of its InfoSpinner Inc acquisition on 7 January, 1997.
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