Tecnomatix Technologies (NASDAQ:TCNO), which makes manufacturing process management solutions, today announced its proforma second-quarter results.
Revenues sagged to $20.2 million from $22.4 million for the same period last year.
Operating income for the quarter grew to $0.8 million, compared to an operating loss of $1.4 million for the second quarter in 2001.
Net income for the second quarter 2002 was $0.4 million or $0.04 per diluted share, compared to a net loss of $1.5 million or a net loss of $0.15 per diluted share for the same period last year.
The company ended the quarter with $48.9 million in cash and cash equivalents, short-term investments and long-term investments.
For the first six months of 2002, revenues were $40.5 million, against $44.6 million for the parallel period of 2001. Operating income was $1.4 million compared to operating loss of $4.8 million for the same period last year.
The net income for the first six months of 2002 was $0.6 million, or $0.06 per diluted share, compared to net loss of $5.0 million, or a net loss of $0.49 per diluted share, for the same period in 2001.