Iona Technologies has posted strong third-quarter figures with revenues up 17 per cent to $20.3 million (€16.1 million) compared to a year ago.
Sales of the company's newer Artix product line were up 114 per cent with overall product revenues increasing 25 per cent to $11.7 million.
Iona CEO Peter Zotto said he was "very pleased with the results" and said the company was doing well with Artix, its older Corba product line and with its open source initiatives.
"It's the fourth straight quarter of triple digit Artix growth," said Mr Zotto. "Our operating margin, not including the stock option expenses, was 10 per cent which is the first time we've had a non-Q4 double digit figure for six years."
Net income for the quarter was $0.5 million, or 1 cent per share, which included the $1.3 million cost of stock-based compensation for staff.
Iona had a number of high-profile contract wins with Artix during the quarter including deals with Fujitsu Telecommunications Europe, the Chinese electric power industry, and International Turnkey Systems.
Last week it introduced the latest version of Artix which enables large companies to migrate their technology to a service oriented architecture.
The firm said it expected fourth-quarter revenues to be in the range of $20 million to
$22.0 million, with costs to be in the range of of $19 million to $20 million.