• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • NetManage’s Losses Grow as Sales Decline in the First Quarter

    May 29, 2007 Timothy Prickett Morgan

    While NetManage, a maker of host connectivity and legacy application modernization tools for i5/OS and mainframe servers, managed to close some high-profile deals in the first quarter ended March 31, the company nonetheless saw revenues fall off, pushing NetManage into a loss.

    NetManage, which has resisted the temptation to be acquired so far and which remains a publicly traded company, reported sales were down by 9 percent in the first quarter to $7.7 million. While services fees rose by 2 percent to $5.9 million in the quarter, software license sales fell by 35 percent to $1.8 million. With costs rising to deliver those licenses and services and a restructuring charge of $2.2 million, NetManage widens its loss to $3.6 million, or 37 cents a share, compared to a loss of $745,000, or 8 cents a share, in the year ago quarter.

    “The first quarter is always the most seasonally challenging, and while service revenues increased from the prior year period, we were disappointed in license revenues for the quarter,” said Zvi Alon, chairman, president, and chief executive officer at NetManage in a statement accompanying the financial results. “During the quarter, we consolidated our research and development activities to Israel, which we believe will result in significant future cost savings.” He added that the company was focused on boosting sales and improving operating efficiencies to move back into the black.

    NetManage exited the quarter with $28.9 million in cash and equivalents, a little bit more money than it had at the end of 2006.

    RELATED STORIES

    NetManage Eases Access to College’s AS/400

    Adobe Picks NetManage for Application Adapters

    NetManage Says No Thanks to Buyout Offer, Again

    NetManage Advocates ‘Incremental SOA’ and Launches Planner Tool

    NetManage Eases Web Development, Tightens Security

    Venture Capitalists Offer to Take NetManage Private

    NetManage’s First Quarter Disappoints



                         Post this story to del.icio.us
                   Post this story to Digg
        Post this story to Slashdot

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags: Tags: mtfh_rc, Volume 16, Number 21 -- May 29, 2007

    Sponsored by
    Maxava

    Migrating to a new IBM Power System?

    Whether it be Power8, Power9 or Power10 – Maxava has you covered

    Our migration service moves data from the old to the new server without disruption while the business continues to operate without impacting performance. Our service avoids long periods of downtime and means businesses can reduce the risk of moving to new hardware.

    To learn more about Maxava’s migration service, call us on 888 400 1541 or VISIT maxava.com

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Admin Alert: i5 IPL Pre-Planning and Post-Planning Checklists IBM’s Rumored System i Power6 Server Plans

    Leave a Reply Cancel reply

TFH Volume: 16 Issue: 21

This Issue Sponsored By

    Table of Contents

    • IBM Announces New HMCs for System p and System i Servers
    • Big Blue Offers Free Monitoring to Server Customers
    • IBM’s First Power6 Box: A Glimpse Into System i 2008 Edition
    • IDC Projects Disk Capacity to Grow, But Revenues to Flatten
    • Virtualization, Consolidation Drive Server Sales in Q1
    • InfiniBand Finds Its Place in the Data Center
    • IBM Offers Upgrade and Trade-In Promotions to Bolster System i Sales
    • Magic Software Boosts Revenues and Profits in Q1
    • The X Factor: Small Is Beautiful
    • NetManage’s Losses Grow as Sales Decline in the First Quarter

    Content archive

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

    Recent Posts

    • Guild Mortgage Takes The 20-Year Option For Modernization
    • IBM i Licensing, Part 3: Can The Hardware Bundle Be Cheaper Than A Smartphone?
    • Guru: The Finer Points of Exit Points
    • Big Blue Tweaks IBM i Pricing Ahead Of Subscription Model
    • We Still Want IBM i On The Impending Power E1050
    • DRV Brings More Automation to IBM i Message Monitoring
    • Managed Cloud Saves Money By Cutting System And People Overprovisioning
    • Multiple Security Vulnerabilities Patched on IBM i
    • Four Hundred Monitor, June 22
    • IBM i PTF Guide, Volume 24, Number 25

    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 © 2022 IT Jungle

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.