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  1. Technology
October 15, 1998

COMPANY RESULT: PLATINUM TECHNOLOGY INC

By CBR Staff Writer

Platinum Technology Inc, Oakbrook Terrace, Illinois database and systems management software and services firm, has reported net income up 38.3% at $19.4m on revenue up 31.2% at $250.3m. Earnings per share rose 23.5% to $0.21 for the quarter. For the nine-month period, net loss was $35.2m on revenue up 31.7% at $653.5m, compared to a loss of $85.8m last year. Results include acquisition charges and merger-related costs of $2.2m and $72.6m for the quarter and nine months, respectively. Last year’s nine- month results include similar charges of $20.9m, as well as restructuring charges of $69.6m.

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