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Neon's Second Quarter Results Rosy, Business 'Booming'

EARNINGS REPORT

    • WatersTechnology Staff

New Era of Networks (Neon) posted healthy results for second quarter, with revenues up 95 percent over the same period last year to $51 million, and the company says that business is booming.

Even though on a net basis the company showed losses of $6.3 million, or 18 cents per share--compared to a loss of $8.8 million for the second quarter of 1999--analysts are upbeat about the company's future.

Rick Adam, chief executive officer of Neon, says that business in the financial sector is "absolutely

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