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Short Take: Cheyenne reports financials

Networked backup software maker Cheyenne Software announced a 36 percent increase in revenues for its first fiscal quarter ending the last day of September. Revenues for the quarter came in at $52.2 million. Net income was $1.6 million. Computer Associates commenced an offer to purchase all Cheyenne shares on October 11 at $30.50 per share.

CNET News staff
Networked backup software maker announced a 36 percent increase in revenues for its first fiscal quarter ending the last day of September. Revenues for the quarter came in at $52.2 million. Net income was $1.6 million. Computer Associates commenced an offer to purchase all Cheyenne shares on October 11 at $30.50 per share.