Marco Tech Blog

November 9, 2007

Q3 2007: CodeGear Keeps Doing Fine

CodeGear keeps making almost 2 million dollars each quarter, which is quite good for a "small" company. And Borland is doing much better overall. Any buyer?

Borland has released its financial statements for the third quarter, with the first profit in some time. CodeGear has made 1.7 million dollars out of revenues of 12.5 millions. The real news is that the rest of the company lost very little money in this quarter, so the the overall Borland corporation could post a profit, the first in quite some time. This is certainly good news.

What I like though, is the overall stability of CodeGear, with revenues at 14.1 - 13.6 - 12.5 millions in the three quarters 2007 and earnings at 1.9 - 1.3 - 1.7 millions. Well done. Anyone interested in buying/investing in this focused and profitable company?

posted by marcocantu @ 8:10AM | 4 Comments [0 Pending]

4 Comments

Q3 2007 CodeGear Keeps Doing Fine

> What I like though, is the overall stability of 
>CodeGear, with revenues at 14.1 - 13.6 - 12.5 
>millions in the three quarters 2007 and revenues at 
1>-9 - 1.3 - 1.7 millions. 

You mean "revenues at 14.1 - 13.6 - 12.5 >millions in 
the three quarters 2007 and benefits at 1.9 - 1.3 - 
1.7 millions", right? 

I ask it because i haven't seen the report :-)

Best regards

Comment by Guillem on November 9, 11:14

Q3 2007 CodeGear Keeps Doing Fine

Guillem,
  yes, I mistyped it. My son woke up while I was
almost done with the post... and I rushed it a bit
with him sitting on my knees.

Comment by Marco Cantù [http://www.marcocantu.com] on November 9, 11:21

Q3 2007 CodeGear Keeps Doing Fine

I always wonder why Borland has traditionally treated
their compiler products with near contempt even though
they are the only ones in the company that make any
money.  Sure it isn't a high growth business and it is
only a fraction of their total revenue, but they lose
on the 'high growth, large portion' of their company.
 Last quarter ALM revenues jumped 21% to 47.4 million,
but once again, they lost money on the deal.  Reminds
me of the old joke about two guys who buy watermelons
for a dollar each, drive them 100 miles away to the
city and sell them for a dollar each.  Over time they
finally realizing they are losing money, so they
decide to get a bigger truck hoping they can make it
up in volume ;-).  All I can say is I am really glad
Codegear is semi-independent now, go Codegear.

Comment by Leonard Gallion [http://analoghacking.com] on November 10, 00:13

Q3 2007 CodeGear Keeps Doing Fine

Based on the 10Q financial report. Borland suffered 
significant 3Qtr revenue decline in US (-41%) while 
growth in Germany (+39%) and UK (+206%). The company 
should focus more on promoting its products 
internationally and for the CodeGear group, drop the 
JBuilder product line as it is a loosing group.
The loss in JBuilder offsets any gains on the Delphi 
products.

IDL

Comment by Impatient Delphi Loyalist on November 11, 23:59

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