Ilog stayed in the red for its mid-term results, after a $29.7 million hit relating to its acquisition of CPlex, although underlying profitability improved.
For the six months to 31 December, the development utilities software house saw revenues increase to $23.5 million from $15.4 million from the same period last year. The $29.7 million write-off, however, meant it made a loss of $29.9 million compared to losses of $1.6 million last time.
For the second quarter, the firm saw turnover increase by 55 per cent to $15 million, while profits fell to $34,000, after a hit of $1.3 million due to the CPlex purchase. Profits in the same period last year were $859,000.
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