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| BORLAND REVENUES RISE 20% IN SECOND QUARTER |
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Net Income Increases 60%
SCOTTS VALLEY, CA (July 19, 2001) - Borland Software Corporation (Nasdaq NM: BORL) today announced its financial results for the second quarter and six-month period ended June 30, 2001.
For the second quarter, revenues increased 20 percent to $56.0 million from $46.7 million for the same quarter a year ago. Gross margins were 83.1 percent for the second quarter of 2001 versus 83.4 percent for the second quarter of 2000. Net income for the quarter advanced to $6.4 million, or $0.09 per diluted share, compared with net income of $2.0 million, or $0.03 per diluted share, for the second quarter of 2000. Net income for the second quarter rose 60 percent when compared to pro forma net income of $4.0 million for the second quarter of 2000, which excluded $2.0 million in expenses related to the terminated merger with Corel Corporation.
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