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Headline: Omega Research 2nd Quarter Losses 16 Cents A Share Versus 1 Cent
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Omega Research Inc. - Miami
2nd Quar June 30:
2000 1999
Revenue $5,357,407 $11,624,035
Net income (3,944,274) (181,706)
Shr earns
Net income (.16) (.01)
6 Months:
Revenue 13,757,982 22,059,419
Net income (6,905,600) 468,395
Shr earns
Net income (.28) .02
Figures in parentheses are losses.
Omega Research Inc. (OMGA) said losses for the recent quarter are the
result of a planned switch in business and revenue models and are likely
to continue for the next few quarters.
Omega Research, a business software company, has plans to become a
direct-access online brokerage. As part of the change, the company now
records revenue as services delivered, rather than recognizing revenue
at the time of sale.
-Russ Watkins; Dow Jones Newswires; 201-938-5388
(This story was originally published by Dow Jones Newswires)
Copyright (c) 2000 Dow Jones & Company, Inc.
All Rights Reserved
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