View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 14, 1999


By CBR Staff Writer

Sterling Software Inc posted first-quarter results that were burdened with one-time charges stemming from its acquisition of Cayenne Software Inc in October but managed to beat expectations. The Dallas-based application development and systems management company posted net income of just $4.2m, or $0.04 per share, down from $17.3m, or $0.21, in the year-ago quarter. Revenue for the period rose 3.3% to $174.5m. Net of restructuring and acquisition-related charges totaling $29.3m ($23m after tax), earnings for the quarter were up 48% at $0.31 per share, a penny better than analysts surveyed by First Call were looking for. Sterling boasts that the results marked its 41st consecutive quarter of revenue and EPS growth and says that all of its business segments meet or exceeded Wall Street expectations. The application management business, which accounted for 50% of total first quarter revenue, saw sales up 21% at $87.6m. Systems Management posted revenue of $48.2m, up 15% from the first quarter of 1998. Operating profit margins for the two units were 25% and 32%, respectively. Federal Systems, meanwhile, saw revenue up 15% in the quarter at $38.6m and generated a 7% operating profit margin.

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.