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Tech Industry

Earnings Roundup: Software firms top estimates

    Informix strolled past Street estimates in its first quarter Wednesday, posting a profit of $27 million, or 9 cents a share, on sales of $250.9 million.

    First Call consensus expected the database software developer to earn 8 cents a share in the quarter.

    Ahead of the earnings report, Informix (Nasdaq: IFMX) shares closed off 1/16 to 16 15/16.

    "The increasing demand for our Web and business intelligence solutions and engines demonstrates that we are well-positioned to meet the expanding needs of current and prospective customers," said CEO Jean-Yves Dexmier in a prepared release. "The i.Economy market is exploding and we are at the right place, at the right time with the right products."

    Informix said its Web business jumped 352 percent from the year-ago period while its business intelligence unit reported a 42 percent improvement.

    Last quarter, it earned $45.4 million, or 21 cents a share, on sales of $251.1 million.

    Its shares hit a 52-week high of 21 1/4 earlier this month after wilting to a low of 6 in September.

    Among other technology companies reporting earnings Wednesday:

  • Symantec Corp. (Nasdaq: SYMC) rolled past analysts' estimates in its fourth quarter, raking in $40.2 million, or 63 cents a share, on sales of $187.2 million.

    Analysts were expecting a profit of 53 cents a share in the quarter.

    Symantec shares closed up 3 9/16 to 67 1/16 ahead of the results.

    Sales were up 22 percent from the year-ago quarter when it earned $24.7 million, or 43 cents a share, on sales of $153.9 million.

    For the year, Symantec earned $130.9 million, or $2.10 a share, on sales of $704.9 million compared to a profit of $79.5 million, or $1.35 a share, on sales of $530.1 million in fiscal 1999.

    First Call consensus expects it to earn $2.33 a share in fiscal 2001.

  • Rational Software Corp. (Nasdaq: RATL) easily topped analysts' estimates in its fourth quarter, pocketing $34.9 million, or 35 cents a share, on sales of $180.4 million.

    First Call consensus expected it to return a profit of 31 cents a share in the quarter.

    In the year-ago quarter, it made $21 million, or 23 cents a share, on sales of $125 million.

    Rational shares closed off 5 1/4 to 67 3/4 ahead of the earnings report.

  • RadiSys Corp. (Nasdaq: RSYS) also leaped past analysts' estimates Wednesday, posting a first-quarter profit of $6.6 million, or 36 cents a share, on sales of $81.3 million.

    First Call consensus expected it to earn 33 cents a share this time around.

    The $81.3 million in sales marks a 54 percent jump from the year-ago quarter when it raked in $2.9 million, or 18 cents a share, on sales of $52.7 million.

    RadiSys shares ended up 2 1/8 to 50 3/8 ahead of the earnings report.