BluePhoenix Sets 2008 Bar at 20 Percent Growth as Q2 Numbers Come In
September 2, 2008 Timothy Prickett Morgan
Legacy application modernization tool vendor BluePhoenix Solutions, a mainframe specialist that got into the midrange when it acquired ASNA last year, reported its financial results for the second quarter of 2008 and at the same time says that it expects business to be good through the rest of 2008, now that it has sold off its stake in Mainsoft. In the quarter, BluePhoenix posted sales of just a smidgen over $23 million, up 20.1 percent over the second quarter of 2007. On a GAAP basis, the company had an operating loss in the quarter of $165,000, which was |