IMI, IBM Take First Step in Third Quarter
Steve McVey - April 3, 2000

Event Summary

For its third quarter ended January 31, Industri-Matematik, a provider of solutions for advanced order management, warehouse management, and customer service, posted $4.3 million in license revenues, a 5% increase over the same period last year. Services and hardware revenues declined 9% from the same period last year to $14.5 million making licenses 23% of the total revenue for the quarter. IMI's percentage license revenues had fallen to an alarming 6% in the second quarter. Though revenues improved slightly, the company posted a loss of $5.9 million for the seventh straight quarter...