Object Design has reported first quarter profits of $926,000 from sales of its pure object oriented database, a figure it claims shows the company is holding its own amid the object-relational wars currently under way in the rest of the industry.
Net income for the three months to 31 March 1997 were up from $145,000 in the comparable period last year to $926,000 this year. Revenues rose by 24 per cent from $9 million in 1996 to $11.2 million in 1997.
The company is one of the few commercially successful suppliers of object oriented databases, a technology that has been overshadowed by the recent commitment of vendors such as Oracle, Informix and IBM to a hybrid object relational model for future generations of their database products.
Object Design last year refocused its strategic direction from its traditional markets of telecomms and engineering towards becoming a platform for Web application development where the ability of the object oriented model to handle multiple rich data types is a benefit.
"[Web] developers require the advanced multimedia data management facilities, the performance, the scalability and rapid application development capabilities of our Objectstore database," said Object Design chief executive Robert Goldman. "These competitive advantages positions it favourably against both relational and hybrid object-relational database products."
During the quarter, the company launched a series of Java-enabled products, for which it claims it now has over 50 customers. These include release 5.0 of the Objectstore database, which also offers support for ActiveX.
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