French software components company Ilog SA has confirmed its own warning of a disappointing third fiscal quarter, ended 31 March 1999 (CI No 3,631), reporting an operating loss of $1.7m on revenue that rose 1.3% to $15.3m. This compared to an operating profit of $1.4m in the same period last year. The loss per share amounted to $0.09, compared to earnings per share of $0.01 in the third quarter of its last fiscal year.
The company attributed the performance to the slowdown in supply chain management software and deferrals as companies concentrate on Y2K remediation work. Paris-based Ilog, which is quoted on Nasdaq and the Nouveau Marche, said it had responded to the slowdown in the market by instituting a series of cost-cutting measures and what it called growth-restraint measures.
