Ardent Software Announces First Quarter 1999 Earnings Anticipated to Exceed Expectations; Closing Date Set for Prism Solutions Acquisition.WESTBORO, Mass.--(BUSINESS WIRE)--April 6, 1999--Ardent Software, Inc. (Nasdaq:ARDT ARDT Asset Redeployment Team ARDT After Receipt of Downtime ARDT Age Replacement during Delay Time ) a leading global data management software company, today announced that results for first quarter ended March 31, 1999 are expected to be above analysts' estimates. Based upon an initial analysis of performance, the Company expects earnings per share to be in the range of $0.16 to $0.18. Revenue for the first quarter is expected to be approximately 20% higher than the first quarter of 1998. Ardent (Ardent Software, Inc., Westboro, MA) A database vendor formed in 1998 as the merger of VMARK Software, Unidata and O2 Technology. Its products included the UniVerse and UniData databases and DataStage data warehouse utility. will announce complete financial results for the first quarter of 1999 on April 16, 1999. The Company also announced that the Prism Solutions (Nasdaq:PRZM PRZM Pesticide Root Zone Model ) shareholder meeting to approve the merger of the two companies has been set for April 26, 1999. As part of the definitive agreement signed by Ardent and Prism on November 19, 1998, several significant Prism shareholders, representing over 50% of outstanding shares, agreed to vote in favor of the merger. Based upon this commitment the completion of the merger is assured. "We are encouraged by our continued growth," said Peter Gyenes, chairman, 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. and president of Ardent Software. "We continue to see growing demand for Ardent's data warehouse products, and with the acquisition of Prism, Ardent becomes a dominant player in the data warehouse market, expanding our customer base and depth and breadth of product and service offerings." About Ardent Software Ardent Software is a leading global data management software company. Ardent develops and markets embedded databases (1) Database software that is included with an application rather than offered as a separate database management system (see DBMS). Tending to be compact and efficient, an embedded database generally includes fewer features than a full-blown DBMS. and software tools for enterprise-scale applications and data warehouses. Its products include DataStage(R), a data warehouse development tool; UniVerse(R) and UniData(R), extended relational database management systems See DBMS for a shorter list of “typical”, representative database management systems. Open-source software
Statements expressing the beliefs and expectations of management regarding future performance are forward-looking and involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results and other risks. These risks are detailed from time to time in the Company's Securities and Exchange Commission filings, including the Company's Form 10K for the year ended December 31, 1998. Actual results may differ materially from management's expectations. COBOL COBOL: see programming language. COBOL in full Common Business-Oriented Language. High-level computer programming language, one of the first widely used languages and for many years the most popular language in the business community. Direct Connect, DataStage, O2 System, RedBack Red´back` n. 1. (Zool.) The dunlin. , System Builder  This article's grammar usage needs improvement. Please edit this article in accordance with Wikipedia's . , UniData UniVerse and wIntegrate are registered trademarks of Ardent Software, Inc. Other trademarks and registered trademarks are property of the respective trademark holders.
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