IONA Announces Preliminary Third Quarter Results

IONA, the leading e-Business Platform provider for Total Business Integration today announced preliminary results for its third quarter ended September 30, 2001.

IONA expects to report revenues of approximately $4m, compared to $39.9m for the same period last year. Based on these revenues, IONA expects to report a pro forma net loss for the third quarter of approximately $2.2m, or $0.08 per share, excluding previously announced amortization of goodwill and purchased intangible assets, restructuring charges, in-process research and development, stock compensation and the associated tax effects.