Borland Software expects to deliver a 13 to 17 per cent increase in revenues for the fourth quarter of 2001 comparedwith Q4 of 2000.
Announcing its financial results for the third quarter and nine-month period ended September 30, 2001, the company'ssenior vice president Ted Shelton said revenues increased 16 per cent to $55.0 million from $47.6 million for thesame quarter a year ago.
Speaking at the Annual 2001 Borland Developers Conference (Borcon) in Melbourne, Shelton admitted the company hasbeen involved in a struggle in the past few years which resulted in restructuring and the layoff of 680 staff, and ashift in the management team.
"We won't let this happen again. Worldwide, we now have more than 1100 staff. The 'new Borland' is a totallyrearranged company," Shelton said.
Some 60 per cent of the company's revenue comes from outside the US, according to Shelton, of which 20 per cent isfrom the Asia-Pacific region, particularly Japan and Australia.