StreamLink Software, a provider of nonprofit hosted software management systems, has announced US$600,000 in Series A funding led by technology startup investment firm North Coast Angel Fund. Company executives said the funding complements a previous $100,000 grant from the Lorain County Community College Foundation.
EARNINGS:
Oracle reported that second-quarter fiscal 2010 total revenues were up 4% to US$5.9 billion compared to the same quarter last year, while quarterly net income was up 12% to $1.5 billion on a year-over-year basis. New software license revenues were up 2% to $1.7 billion, and operating income was up 10% to $2.2 billion compared to the same quarter a year before. Additionally, the company reported that operating margin was up 200 basis points to 37%.
Progress Software released results for its fourth quarter ending Nov. 30, 2009, reporting that revenue for the quarter was US$136.8 million, down 2% from $139.4 million in the fourth quarter of fiscal 2008. Operating income increased 204% to $25.8 million from $8.5 million in the fourth quarter of fiscal 2008, and net income increased 157% to $16.7 million from $6.5 million in the same quarter last year. Diluted earnings per share increased 150% to 40 cents from 16 cents in the fourth quarter of fiscal 2008, while operating income increased 10% to $37.4 million from $34.0 million in the same quarter a year ago.
Red Hat announced total revenue for third-quarter fiscal 2010 of US$194.3 million, 18% higher than the year-ago period. Operating income for the quarter was $19.8 million, a drop from $21 million in the comparable period of the previous year. Net income for the quarter was $16.4 million, compared with $24.3 million in the year-ago quarter, while operating cash flow totaled $54.1 million, a drop from $59.1 million from the year-ago quarter. The numbers reflect one-time charges from the settlement of litigation as well as an increase of 23% in deferred revenue.
TIBCO Software announced financial results for its fourth quarter ending Nov. 30. Total revenue for the fourth quarter of fiscal 2009 was US$195.6 million, and net income was $31.7 million. This compares to total revenue of $185.5 million and net income of $32.3 million reported for the fourth quarter of fiscal 2008. Additionally, non-GAAP operating income for the fourth quarter of fiscal 2009 was $58.3 million, resulting in a non-GAAP operating margin of 30%. This compares to non-GAAP operating income of $54.0 million, or a 29% non-GAAP operating margin, in the fourth quarter of fiscal 2008.
