Cayenne Software has seen turnover dwindle for the six months to 31 December 1996, as a result of declining mainframe sales and the elimination of product lines following merger - the company was formed by bringing together Bachman and Cadre.
Mid-year sales fell from $36.2 million in the comparable period last year to $28 million this. Net losses rose to $6.4 million, after a $6.3 million restructuring charge following merger, from $4.8 million last year, when the firm took a $1.9 million restructuring hit.
But, some signs of hope were apparent. Cayenne reduced its total expenses, not including restructuring costs, by 28 per cent to $27.7 million, while licence sales of its client/server and object-based products, on which it is pinning its future hopes, rose 67 per cent over the six month comparable period.
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