Borland follows Digital back into the black

Borland has followed Digital's financial results by wiping away the red ink from its balance sheet and posting a net income in its first fiscal quarter for 1998.

Borland's return to the black saw the company post a 10 per cent increase in first quarter revenues to $42 million. Net income was $79,000 compared with a net loss of $21 million in the same quarter last year.

Meanwhile Digital UK claims to have played a major part in helping its parent company return to profitablity, according to James Stephenson, Digital UK's financial business unit director.

"Although the revenues were down due to disposals, the UK had a better year than the organisation did as a whole," he said. Stephenson added that the "buoyant" UK economy and the UK's ability to reorganise quickly enabled it to get a head start.

The UK subsidiary saw large growth in its systems business. Stephenson said that "we had over 70 per cent growth with NT, about 20 per cent with Unix and above 10 per cent with Alpha. The consultancy business has grown strongly and PC servers have grown faster than the market as a whole, and the Intel server market grew by 40 per cent last year."