By Julian Goldsmith, 17 July 1998 11:28
NEWS Sybase has stunned investors by reporting a profit in its second quarter results. The company boasted a profit of $400,000 (£244,000) on sales of $217m (£132.5m). The same quarter last year reaped a loss of $17m (£10.4m). John Chen, Sybase CEO, attributed the change of fortune to the company's policy of focusing on vertical markets and a series of strategic partnerships. Despite the healthy quarterly performance, Sybase is still expected to post a loss in its yearly result.
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below