• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • DataMirror’s Sales Decline in Its Fiscal First Quarter

    May 30, 2006 Timothy Prickett Morgan

    High availability and clustering software maker DataMirror said last week that its first quarter of fiscal 2007, ended April 30, was weaker than the year-ago quarter, with sales down 8.4 percent to $10.3 million (Canadian), with net earnings of $700,000, down 36 percent.

    The first quarter dip follows a fiscal 2006 where the company was able to increase sales by 2.6 percent to $44.7 million and statements by the company that it would be able to increase sales in 2007 by 10 to 15 percent, with sales expected in the range of $49 million to $52 million.

    DataMirror, like Lakeview Technology and Vision Solutions, the other two long-time HA software vendors in the IBM midrange, have all experienced pressures on sales and profits because of the entry of iTera and Maximum Availability, and the intense level of competition that the three original HA vendors have always had with each other has only intensified since the upstarts entered the market five years ago and shook up the HA space with inexpensive products. To their credit, all of the HA vendors have responded with innovative product lines and more flexible pricing. But, that does not mean that business always goes smoothly.

    Nigel Stokes, DataMirror’s chief executive officer, took the revenue hit in stride. “DataMirror maintained its strong financial position this quarter,” he said in a statement accompanying the financial results. “We successfully reached out to customers in both North America and Europe with a series of regional Transcend customer events. New investments in sales and marketing are building business pipelines and are expected to lead to higher growth in the second half of fiscal 2007.” DataMirror’s head count is roughly the same, at 215 people, and it has $37.9 million in cash and investments in the bank.

    Looking ahead to the second fiscal quarter, DataMirror said it expected sales of between $11 million and $12 million and profits of 10 cents to 17 cents per share.

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags: Tags: mtfh_rc, Volume 15, Number 22 -- May 30, 2006

    Sponsored by
    ARCAD Software

    Embrace VS Code for IBM i Development

    The IBM i development landscape is evolving with modern tools that enhance efficiency and collaboration. Ready to make the move to VS Code for IBM i?

    Watch this webinar where we showcase how VS Code can serve as a powerful editor for native IBM i code and explore the essential extensions that make it possible.

    In this session, you’ll discover:

    • How ARCAD’s integration with VS Code provides deep metadata insights, allowing developers to assess the impact of their changes upfront.
    • The role of Git in enabling seamless collaboration between developers using tools like SEU, RDi, and VS Code.
    • Powerful extensions for code quality, security, impact analysis, smart build, and automated RPG conversion to Free Form.
    • How non-IBM i developers can now contribute to IBM i projects without prior knowledge of its specifics, while ensuring full control over their changes.

    The future of IBM i development is here. Let ARCAD be your guide!

    Watch the replay now!

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Admin Alert: Setting Up Unattended i5 Server IPLs The Inside Stories of the Innovation Award Winners

    Leave a Reply Cancel reply

TFH Volume: 15 Issue: 22

This Issue Sponsored By

    Table of Contents

    • IBM Buys Rembo for Bare-Metal Server and Desktop Provisioning
    • IBM Names Eight New IBM Fellows, But Forgets One
    • DataMirror’s Sales Decline in Its Fiscal First Quarter
    • Outsourcing, Offshoring on the Rise in North America, Evans Data Survey Says
    • Database Sales Grew in 2005, Say IDC and Gartner
    • IBM Buys Rembo for Bare-Metal Server and Desktop Provisioning
    • Symantec Enterprise Software Has a Big Security Hole
    • As I See It: Net Reality
    • Business Continuity Planning Part 2: Disaster Without Warning
    • IBM to Buy SAP? Why Not?

    Content archive

    • The Four Hundred
    • Four Hundred Stuff
    • Four Hundred Guru

    Recent Posts

    • POWERUp 2025 –Your Source For IBM i 7.6 Information
    • Maxava Consulting Services Does More Than HA/DR Project Management – A Lot More
    • Guru: Creating An SQL Stored Procedure That Returns A Result Set
    • As I See It: At Any Cost
    • IBM i PTF Guide, Volume 27, Number 19
    • IBM Unveils Manzan, A New Open Source Event Monitor For IBM i
    • Say Goodbye To Downtime: Update Your Database Without Taking Your Business Offline
    • i-Rays Brings Observability To IBM i Performance Problems
    • Another Non-TR “Technology Refresh” Happens With IBM i TR6
    • IBM i PTF Guide, Volume 27, Number 18

    Subscribe

    To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

    Pages

    • About Us
    • Contact
    • Contributors
    • Four Hundred Monitor
    • IBM i PTF Guide
    • Media Kit
    • Subscribe

    Search

    Copyright © 2025 IT Jungle