Iona Technologies Ltd posted record fourth quarter revenues of $25.2m yesterday, up 56% from last year, generating profits of $4.8m, up 121% from last year (excluding a $2.9m charge in October 1997). For the year, the Dublin, Ireland-based object technology house saw revenues of $83.6m, up 73% from last year, and profits up 48% to $7.68m, or $0.37 per share, including one-time charges of $6.7m. Without these charges, Iona’s profits would have been $13.3m, or $0.64 per share. Iona’s chairman and CEO Dr Chris Horn said the figures reflected the continuing momentum of the middleware market. CFO David James said the strong revenue growth, profitability and continued investment had placed Iona in a strong financial position.
