Dublin-based software company Iona today forecast sequential revenue growth of 5-10% for the last quarter of the year, and year-on-year growth of 5-15% for 2002.
The company also reported a pro forma net loss for the third quarter of 2001 of $2.2m or 8 cents per share. Revenues were up 3% at $41m.
'Iona achieved solid results for the third quarter in the face of a continued economic slowdown and the disruptive events of September 11 that affected business worldwide,' said Barry Morris, Iona's CEO. 'This performance only increases my confidence in IONA's prospects.'
Iona's shares were up 20 cents to 12.50 euros by the close in Dublin.
'We were on track to achieve our financial goals prior to the events of September 11, but after that point it became very difficult to close third quarter business, particularly with financial services companies,' added Dan Demmer, Iona's Chief Financial Officer.
The company, which employs over 200 people in Dublin, makes software that allows companies integrate different applications.
