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British Software-Maker Merant Posts First Quarterly Profit in Four Years.

Knight Ridder/Tribune Business News

| February 28, 2003 | COPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Ted Sickinger, The Oregonian, Portland, Ore. Knight Ridder/Tribune Business News

Feb. 28--The Silicon Forest veterans hired to engineer a turnaround at financially beleaguered software-maker Merant PLC were able Thursday to report the company's first quarterly profit in more than four years.

At $300,000, the bottom line is hardly bulging, though it is an improvement from the third quarter a year earlier when Merant lost $26.7 million. And the black ink is largely the result of diminishing write-offs of goodwill generated when the company was created by an acquisition in 1998. It also comes amid an industry slowdown that held the company's ...

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Source: HighBeam Research, British Software-Maker Merant Posts First Quarterly Profit in Four...

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