Borland Announces Preliminary Financial Results for Fourth Quarter 2006
Company Expects To Deliver 50% Year over Year ALM Revenue Growth for 2006; Cost Reduction Initiatives Continue
CUPERTINO, Calif., - Jan 30, 2007 : Borland Software Corporation (NASDAQ: BORL), today announced preliminary financial results for the fourth quarter ended December 31, 2006.
For the fourth quarter, Borland expects to report revenue in the range of $74 to $76 million. GAAP net loss for the quarter is expected to be in the range $11.5 to $13.9 million, or $0.15 to $0.18 per share, and non-GAAP net loss is expected to be in the range $1.8 to $4.2 million, or $0.02 to $0.05 per share, including the benefit of $1.6 million, or $0.02 per share, in one-time balance sheet adjustments. Non-GAAP net loss excludes approximately $2.4 million, or $0.03 per share, in stock-based compensation, $2.3 million, or $0.03 per share, in amortization of intangibles, $5.7 million, or $0.08 per share, in restructuring, severance and other expenses, and $.7 million, or $0.01 per share, in income tax benefits.