IONA announces Q3 loss

IONA has announced financial results for its third quarter, in which it had a pro forma net loss of $10m (€15.9m), or 31 cents a share, on revenues of $26.5m (€42.14m).

The company continued its cost-cutting programme, including the reduction of its workforce and these actions resulted in a one-time restructuring charge of $12.9m (€20.5m) in the third quarter.