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Article: Moldflow Announces Revised Corporate Strategy with Focus on Design Analysis Solutions Software Business - Reports Solid Third Quarter Results from Continuing Operations.(Financial report)
- Article from:
- Business Wire
- Article date:
- May 10, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Announces Intention to Sell its Manufacturing Solutions Division
FRAMINGHAM, Mass. -- Moldflow Corporation (NASDAQ: MFLO) today announced the results for its third quarter of fiscal 2007 and a revised corporate strategy which focuses on its CAE Design Analysis Solutions business. The Company also announced its intention to sell its Manufacturing Solutions division. Third quarter fiscal 2007 results from continuing operations, which are derived from the Company's Design Analysis Solutions division, include solid year-over-year growth in revenue, earnings and net income.
For comparability purposes, the Company today presented its results from the third ...