Inprise restructures, reports revenue dip

Inprise restructures, reports revenue dip

Enterprise software and tools vendor Inprise this week announced plans to restructure itself into two separate operating divisions, called Inprise and The move will involve reducing by 20 per cent its global workforce of about 950 employees, Inprise said.

The company also announced a rise in earnings for the fourth quarter and the fiscal year ended December 31, 1998, that included one-time restructuring and acquisition-related charges and one-time gains from stock and land sales. Excluding those amounts, the company reported a fourth-quarter loss and an earnings gain for the fiscal year. Revenues for the fourth quarter and year were down slightly.

The Inprise division will focus on selling enterprise software, while will be a Web destination that provides software developers with tools and services, including those from third parties, said Inprise, which changed its name from Borland International in April last year.

This restructuring is an "aggressive and logical step" in Inprise's effort to transform itself into a major enterprise software company, Del Yocam, Inprise's chairman and chief executive officer, said in a statement.

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