View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 24, 1997updated 05 Sep 2016 1:07pm

BAAN Q2 RESULTS BEAT ESTIMATES

By CBR Staff Writer

The Baan Co NV, Dutch providers of business management software for the manufacturing sector, reported second-quarter net income that soared 138% to $16.4m – $0.17 per share – beating the First Call estimate by $0.02. Revenue for the quarter rose 65% to $146.1m. License revenues for the quarter rose 86% to $92.3m. Gross margin and operating margin improved to 67% and 18%, respectively, from 59% and 13% a year ago. The company is also celebrating a new law passed by the Dutch government concerning companies that operate, which will effectively reduce its tax rate from 39% to 32% for the next five years. Six-month net income rose 156% to $28.7m on revenue up 62% at $269.9m.

á

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU