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Business Briefs


By SD Times News Team
August 15, 2006 —  Enterprise Java company Terracotta has named Amit Pandey CEO to help grow out the company’s clustered JVM technology. Before joining Terracotta, Pandey held VP positions at Network Appliance. Terracotta founder and CTO Ari Zilka wants Pandey to continue driving Terracotta into the financial services, retail, telco and Internet services markets, where the technology is experiencing an uptake, according to the company. “Terracotta is drop-in technology that is easy to deploy and makes all Java applications enterprise-class,” Pandey said. “Our technology has industry-shifting ramifications because it requires no coding. We make open-source software enterprise-ready, so it’s a viable alternative to many commercial solutions.” Terracotta’s ability to bring caching and clustering into the Java runtime environment adds fault tolerance, scalability and high availability to any Java application, the company said.

EARNINGS: Microsoft announced record fourth-quarter revenue of US$11.8 billion, a 16 percent increase over the same year-ago quarter. Net income for the quarter ended June 30 was $2.83 billion, or 28 cents per share, down from the same period a year earlier when the company posted net income of $3.70 billion and EPS of 34 cents. For the fiscal year, Microsoft had revenue of $44.28 billion, up 11 percent from the previous year. Net income for the year was $12.60 billion. The company also announced a share repurchase program of $20 billion to be completed by Aug. 17, and authorized an additional $20 billion buyback with an expiration date of June 30, 2011. . . Compuware reported fiscal 2007 first-quarter revenue of US$296.3 million and net income of $29.3 million, up from net income of $24.6 million in the same quarter of fiscal 2006. Professional services accounted for $118.5 million in revenue, while maintenance fees were $110.3 million and software license fees were $67.5 million . . . Informatica reported revenue of US$80.8 million, up 26 percent from the year-earlier quarter, and net income of $7.6 million for its fiscal 2006 second quarter . . . Performance management solutions provider Applix reported fiscal second-quarter 2006 revenue of US$13.32 million, a 41 percent increase over the $9.43 million posted in the same year-ago quarter.


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