Advertisement

ORANGE COUNTY EARNINGS

Platinum Reports Net Loss

February 05, 1999

Platinum Software Corp., based in Irvine, reported a second-quarter net loss of $6.8 million, or 24 cents a share, which included a $6-million charge for restructuring and a $6.4-million charge related to its merger with DataWorks Corp. For the same quarter a year ago, the company earned $2 million, or 7 cents a share. Revenue for the quarter ended Dec. 31 increased 54% to $33.4 million from $21.7 million.

The company also announced that it has adopted the calendar year as its new fiscal year. The company's first quarter for fiscal year 1999 will end March 31.

Advertisement
Los Angeles Times Articles
|
|
|