Borland Reports Fourth Quarter and Year End 2007 Financial Results

05.05.08 - 23:40 ... source : Borland

... Company Takes Impairment Charge of $26.5 Million in CodeGear Goodwill AUSTIN, Texas - Feb 28, 2008 : Borland Software Corporation (NASDAQ:BORL), the global leader in Open Application Lifecycle Management (ALM), today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2007. For the fourth quarter of 2007, Borland reported total revenue of $61.5 million, GAAP net loss of $41.7 million, or $0.57 per share, and non-GAAP net loss of $2.7 million, or $0.04 per share. GAAP net loss included an impairment charge of $26.5 million in CodeGear goodwill, $1.2 million in stock-based compensation, $2.2 million in amortization of intangibles and $9.1 million in restructuring and other related expenses. Revenue for ALM products and services for the fourth quarter of 2007 was $35.7 million. Deployment (DPG) products and services revenue was $8.9 million and CodeGear (IDE) product ...» Next (HTML)