Barra Sees Bright Side Of Vanishing 2Q Profits, As Quick Pact Is Signed

PRODUCTS & VENDORS

Barra Inc. last month reported second-quarter revenues, of $12.8 million, up 22 percent over the same period last fiscal year. However, the vendor showed a slight fall-off in profits--a fact which it sought to put a in positive light by noting that start-up costs associated with newly launched subsidiary Symphony Asset Management did less damage to profits than they could have.

According to the second-quarter report, while U.S. software subscription sales did not contribute significantly to B

To continue reading...