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Technology / AI and automation

COMPANY RESULT: BRODERBUND SOFTWARE INC

Broderbund Software Inc has reported a second quarter net loss of 3.5m after a $10.5m charge for acquired in-process research and development, and against a period that included a $15.5m net charge for a terminated merger fee, on revenue that declined 7.8% at $44.3m. At the mid-term, net profit slumped 84.3% to $5.4m after an $11.6m charge for acquired in-process research and development, on revenue that slipped 11.1% at $105.8m. Net earnings per share fell 84% to $0.26 in the half year.

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CBR Staff Writer

CBR Online legacy content.