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July 24, 1997updated 05 Sep 2016 1:07pm


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.


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