Applix reports fourth quarter and year end results for 1994.WESTBORO Westboro can refer to: Places
Total revenues for the fourth quarter increased 56% to $5,564,000 from $3,567,000 for the comparable period ended December 31, 1993. Net income for the quarter increased to $675,000 or $0.18 per share versus $86,000 or $0.03 per share for the same period in 1993. For the year ended December 31, 1994, total revenues increased 52% to $18,495,000 from $12,171,000 for 1993. Net income increased to $1,409,000 or $0.40 per share versus a net loss of $(400,000) or $(0.13) per share for 1993. "We are very pleased with our financial performance for the fourth quarter," commented Jit Saxena Saxena is a surname of Anglo-Saxon origin. It derives from the parishes of Saxby, in the counties of Lincolnshire and Leicestershire, England. The surname Saxena is an example of a habitation name, the broad category of surnames that were derived from place names. president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Applix Applix Inc. is a software company based in Westborough, Massachusetts that publishes Applix TM1, a MOLAP database server, and related presentation tools, including Applix Web and Applix Executive Viewer. Inc., "it reflects the continued acceptance of Applixware by customers on a worldwide basis." Applix develops, markets and supports Applixware, an integrated family of software applications and tools for "real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. " decision support. Real time decision support refers to the ability to access, analyze an·a·lyze v. 1. To examine methodically by separating into parts and studying their interrelations. 2. To separate a chemical substance into its constituent elements to determine their nature or proportions. 3. and communicate dynamically changing (real-time) information such as stock market data or information from databases. Applixware provides data access applications that enable users to access information simultaneously si·mul·ta·ne·ous adj. 1. Happening, existing, or done at the same time. See Synonyms at contemporary. 2. Mathematics from a variety of sources, including live data feeds and relational database management systems See DBMS for a shorter list of “typical”, representative database management systems. Open-source software
(application) edit - Use of some kind of editor program to modify a document. Also used to refer to the modification itself, e.g. "my last edit only made things worse". and distribute information on an enterprise-wide basis; and a development tool that enables customers to create and customize applications. -0-
Applix Inc.
Consolidated Statements of Operations
(In thousands, except per share data)
Three months ended
December 31,
1994 1993
License revenue $ 4,403 $ 3,076 Service revenue 1,161 491 Total revenues 5,564 3,567 Cost of license revenue 550 496 Cost of service revenue 536 326 Gross margin 4,478 2,745 Operating expenses: Selling and marketing 2,745 1,855 Research and development 684 472 General and administrative 426 320 Total operating expenses 3,855 2,647 Operating income 623 98 Interest income (expense) 89 (12) Income before tax 712 86 Income taxes 37 0 Net income $675 $86 Net income per common share $0.18 $0.03 Weighted average number of shares outstanding (a) 3,817 2,993 (a)Proforma weighted average number of shares for 1993 reflects the conversion of preferred stock -0-
Applix Inc.
Consolidated Statements of Operations
(In thousands, except per share data)
Years ended
December 31,
1994 1993
License revenue $15,012 $10,436 Service revenue 3,483 1,735 Total revenues 18,495 12,171 Cost of license revenue 2,119 1,505 Cost of service revenue 1,750 1,173 Gross margin 14,626 9,493 Operating expenses: Selling and marketing 9,098 6,870 Research and development 2,606 1,794 General and administrative 1,612 1,198 Total operating expenses 13,316 9,862 Operating income 1,310 (369) Interest income (expense) 136 (31) Net income (loss) before tax 1,446 (400) Income taxes 37 0 Net income (loss) $1,409 ($400) Net income (loss) per common share $0.40 ($0.13) Weighted average number of shares outstanding (a) 3,557 2,993 (a)Proforma weighted average number of shares for 1993 reflects the conversion of preferred stock CONTACT: Applix Inc. Patrick J. Scannell Scannell may refer to:
This page or section lists people with the surname Scannell. , Jr. 508/870-0300 |
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