Centura Software Corporation said its third quarter figures released Friday indicate the company is now in position to continue revenue growth without compromising on ongoing strategy. The Redwood Shores, California developer of databases and tools for embedded devices and internet appliances, has been in a state of almost perpetual restructuring and flat growth for several years, but it claims this period may soon be behind it.
In the third quarter revenue slipped to $13.8m from $14.1m a year before, and net profit was $500,000 compared to net income of $1.1m last time. Earnings per share fell to $0.01 from $0.04 a year ago. A 20% increase in operating income to $1m was achieved against the year ago period, when considered before amortization, goodwill of $300,000 and restructuring and non-recurring charges of $500,000.
Despite the still lacklustre financial performance, Centura said recently announced ties with SAP and a 44% increase in billings for underlying embedded database system support its view that its new focus on the emerging market for small footprint databases and tools for internet appliances is close to paying dividends.
