News
The company today reported fourth-quarter revenues of $142.5 million, up 10%, sequentially and 8% year-on-year.
Net earnings were $6.6 million, vs. $3.9 million in the fourth quarter of 2003.
Full-year revenues of $531.3 million topped 2003 revenues by
15%. The company, which makes electronics gear, posted net earnings of $20 million, well above 2003 earnings of $12.6 million.
WESTFORD, MA, - MatrixOne Inc. said second-quarter revenues increased 31% to $35.1 million from $26.9 million in the same period last year.
The net loss was $400,000, compared to a net loss of $7.2 million in the same period last year.
Software license revenues increased 64% to $15.4 million from $9.4 million last year.
"We are pleased to report another very positive quarter with strong sequential and year-over-year revenue growth and improved bottom-line results. Our operating performance during the second quarter reflects the continued improvements in our company-wide sales execution, expanded implementations within our existing customer base and the adoption of our solutions by strategic new customers who are fueling the growth of the PLM market," said Mark F. O'Connell, president and CEO of MatrixOne.
FRAMINGHAM, MA - Worldwide IT spending reached $965 billion in 2004 and will increase at a compound annual growth rate of 6% from 2004 to 2008, says a new research report.
Recovery is expected in hardware sales worldwide, with revenues forecast to reach $465 billion by 2008, IDC said today. The research firm predicts robust spending from consumer, communications and media, and government.
Banking, discrete manufacturing and government are the largest IT buyers.
U.S. IT spending will reach $416 billion in 2005, up 5.8% from 2004.
In a press release, IDC said, "These results indicate a positive outlook for the U.S. and worldwide IT market, particularly after 2005. With an improving business environment and recent GDP gains, companies are loosening their restraints for information technology investments."
The firm also forecast U.S. sales of PCs will reach $49 billion in 2005.
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