Profits accelerate at Informix towards year-end

Informix, the technology company which employs more than 130 people in the International Financial Services Centre in Dublin, …

Informix, the technology company which employs more than 130 people in the International Financial Services Centre in Dublin, yesterday announced revenues of $214.6 million (€188 million) for the three months to the end of December, a rise of 18 per cent on the same period in 1997.

Net income for the period was $22.9 million (€20 million), Informix said, up 214 per cent on the previous period's $7.3 million (€6.4 million).

For the full year, revenue rose 11 per cent to $735 million (€644 million) and net income was $52 million (€45.6 million), compared to a loss of $359 million (€315 million).