Software firm back in black

IONA TECHNOLOGIES is back in the black.

The software company said yesterday that it enjoyed a strong fourth quarter to deliver a full-year profit of $758,000 (€583,000), after losing more than $43 million last year.

Chief executive and co-founder Chris Horn said the results were a “tremendous” outcome. “It’s great to be making money again,” he said. Revenues for the three months to December came in at $19.5 million, beating market expectations of between $17 million and $19 million.