Sybase returned to profit in its first quarter, reporting net income of $3.5 million, although revenues were slightly down.
The $3.5 million profit seems to represent the beginning of a comeback for the database supplier, which reported a loss of $6.9 million for the comparable period last year. However, revenue fell slightly to $241.9 million from last year?s $243.7 million.
With Informix set to post substantial losses at the end of the month, Sybase executives hope that its own results will put it on track to regain its second-place ranking in the database market.
The company?s chief executive, Mitch Kertzman, said the return to profitability was the result of a nine-month restructuring of the firm. "Over the last three quarters, we have re-established Sybase as a financially sound, long term partner for our customers,? he said.
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