Ilog Reports $1.7m Q3 Loss.French software components company Ilog SA has confirmed its own warning of a disappointing third fiscal quarter, ended 31 March 1999 (CI No 3,631), reporting an operating loss operating lossThe excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of $1.7m on revenue that rose 1.3% to $15.3m. This compared to an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of $1.4m in the same period last year. The loss per share amounted to $0.09, compared to earnings per share of $0.01 in the third quarter of its last fiscal year. The company attributed the performance to the slowdown in supply chain management software and deferrals as companies concentrate on Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 remediation work. Paris-based Ilog, which is quoted on Nasdaq and the Nouveau Marche Nouveau Marche An equity market unit of the Paris Bourse that deals solely in innovative, high-growth companies. , said it had responded to the slowdown in the market by instituting a series of cost-cutting measures and what it called "growth-restraint measures." |
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