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Short Take: Banyan sales plummet
Banyan Systems has announced that revenues for its third fiscal quarter dropped to $18.8 million, versus $28.1 million one year ago. The struggling networking software maker did manage to eke out a profit for the quarter, its first in over a year, by posting net income of $769,000, or 4 cents per share, versus a loss of $783,000 or 5 cents per share in the same period last year.
Mike Ricciuti Staff writer, CNET News
Mike Ricciuti joined CNET in 1996. He is now CNET News' Boston-based executive editor and east coast bureau chief, serving as department editor for business technology and software covered by CNET News, Reviews, and Download.com. E-mail Mike.
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has announced that revenues for its third fiscal quarter dropped to $18.8 million, versus $28.1 million one year ago. The struggling networking software maker did manage to eke out a profit for the quarter, its first in over a year, by posting net income of $769,000, or 4 cents per share, versus a loss of $783,000 or 5 cents per share in the same period last year.