FRAMINGHAM (07/07/2000) - Informix Issues Q2 Profit WarningMenlo Park, California-based database and tools company Informix Corp. issued a profit warning this week, predicting net income for the second quarter of 1 to 3 cents per share on revenue between $240 million and $250 million, well below analysts' expectations. The warning came after two successive quarters in which the company outperformed analysts' expectations. There has been no revenue growth in any region, the company said in a statement, blaming poor results in Europe on the strength of the U.S. dollar. Final results for the most recent quarter, which ended June 30, are expected the week after next.
Micrografx Lays Off 40% of Staff
Allen, Texas-based business graphics software vendor Micrografx Inc. this week announced that it has laid off 74 of its 187 employees, primarily in the U.S., as part of an ongoing global restructuring effort aimed at restoring profitability at the financially troubled company.
The layoffs will result in lower operating costs and were designed to offset seasonally weak international sales in the first fiscal quarter. However, Micrografx said in a statement that it expects other changes to its business operations to result in charges that will be included in the results for its fourth fiscal quarter, which it plans to announce in mid-August. The company didn't disclose the size of the charges it expects to report.
IBM's New Alliances To Boost Revenue
IBM Corp. this week announced new alliances with five application developers that company officials said will bolster revenue by $1 billion in the next three years. The company will partner with firms in Sweden, Ireland, Australia and the U.S. Under the agreements, the new partners will commit to IBM's server platforms, middleware and services, while Big Blue will assist them with the selling and marketing of their products as part of IBM's PartnerWorld for Developers initiative.