Iona reports US$19.1m
in Q4 revenues

26 Jan 2006

Irish Nasdaq-listed software company Iona Technologies has reported revenues of US$19.1m for the fourth quarter, up from revenues of US$17.5m in the prior quarter. A strong full-year total revenue of US$66.8m was marred by a US$1.1m expense, resulting in a net loss of two cents per share.

The fourth quarter was nonetheless a profitable quarter for Iona, with a net income of three cents per share for the quarter.

The company reported a full-year product growth of 9pc. The new Artix product line represented 20pc of total revenues in Q4, with year-over-year revenue growth of 98pc in the Artix product line.

The company ended the fourth quarter with a cash balance of US$52m. Deferred revenues reached US$23m – up 54pc on the year.

Highlights of the company’s fourth quarter included entering into a strategic relationship with NS Solutions, one of Japan’s biggest system integrators, as well as joining with BEA, Intel, IBM, Oracle, SAP, Siebel and Sybase to introduce a new architecture standard to ease the creation and deployment of service-oriented architecture.

“With full-year product growth of 9pc and 120pc year-over-year Artix growth combined with an expanding partner ecosystem, we exited 2005 with momentum and well positioned for profitable growth in 2006,” said Peter Zotto, CEO of Iona Technologies.

By John Kennedy