Enea, a vendor of DSO software for the telecom, auto, and medtech sectors (and a sponsor of this site), reported mostly strong financials for the nine-month period Jan. 1 though Sept. 30. Operating profits for the period rose by eight percent, to 40 million Swedish Kroner (SEK), or roughly $4.9 million, on net sales that rose by 10 percent from the year-earlier period, to SEK 519 million (roughly $64 million). For the third quarter alone, operating profits rose by 60 percent from the year-earlier quarter, to SEK 16 million (about $1.97 million), on sales that rose by four percent, to SEK 164 million (or $20.2 million), marking the sixth consecutive quarter of sales growth.
Not all is rosy, however. I couldn't help but notice that operating margins for the company's Embedded Technology sector slipped significantly in the third quarter, to 11.1 percent, down from 20.2 percent in the year-earlier quarter. For the Jan.-Sept. period, Enea's Embedded Technology's margins fell, too, though less steeply, dropping to 9.6 percent from 10.5 percent a year earlier. This, in turn, hurt companywide operating margins for both the third quarter and the nine-month period. Ouch.
That said, CEO Johan Wall insists the Kista, Sweden-based company's transition to a global company is going "according to plan." Among other things, Enea has opened a sales office in Shanghai, he says.
EclipseCon Speakers: Keynote speakers have been announced for Eclipse Foundation's annual conference, EclipseCon 2006, which will be held March 20-23 at the Santa Clara Convention Center:
Brian "Boz" Elloy, senior VP of software products at Borland Software.
Ward Cunningham, director of committee community development at Eclipse Foundation.
Joel Spolsky, CEO of Fog Creek Software and author of the Joel On Software blog.
Greg Stein, chairman of the Apache Foundation.
John Wiegand and Erich Gamma, Project Management Committee (PMC) leaders of the Eclipse Platform project.
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