View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 17, 1997updated 05 Sep 2016 12:38pm


By CBR Staff Writer

Hyperion Software Corp, Stamford, Connecticut maker of financial management software, reported third quarter results that just edged out analysts’ expectations. Net income for the quarter was $1.3m, or $0.07 per share, on revenue up 37% at $50.5m, compared to net income of $369,000 for the corresponding quarter last year. For the year-to-date, net income is up 46% at $5.9m, on revenue up 31% at $149.2m. Earnings per share have risen 39% to $0.32. Hyperion also announced Wednesday a joint development and marketing deal with Dutch software firm The Baan Co which will allow them to market Baan’s multinational accounting software. The deal, which leverages the two companies’ lines of financial products, will result in a fourth-quarter charge for Hyperion of roughly $4m for asset valuation and restructuring costs.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

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.