SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
April 1, 1997 (April 1, 1997)
Date of report (Date of earliest event reported)
INFORMIX CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
0-15325
(Commission File Number)
94-3011736
(I.R.S. Employer Identification No.)
4100 Bohannon Drive
Menlo Park, California 94025
(Address of Principal Executive Offices) (Zip Code)
415-926-6300
(Registrant's Telephone Number, Including Area Code)
Item 5. Release of preliminary results for the quarter ending March 30,
1997.
On April 1, 1997, Informix Corporation issued the following press
release concerning preliminary results for the quarter ending March 30,
1997:
INFORMIX ANNOUNCES PRELIMINARY FIRST QUARTER RESULTS
MENLO PARK, Calif., April 1, 1997 - Informix Corporation, (NASDAQ:
IFMX), today announced that revenues for the first quarter ended
March 30, 1997, are currently expected to be in a range of $130 million
to $145 million, compared with $204 million in the year earlier period.
As a result of this revenue shortfall, the company expects to experience
a substantial operating loss and net loss for the quarter.
According to Phil White, Informix chief executive officer,
"We saw weakness in all geographic regions, particularly in Europe.
We failed to close a number of large transactions at the end of the
quarter for reasons other than competition. In addition, with regard
to sales of our UNIX relational database products, we may have lost
momentum as a result of sales and marketing over-emphasis on emerging
object-relational technology and the lack of corporate focus on our
NT products and their price/performance benefits."
These estimated results are preliminary, subject to the
company's closing its books and the company's management and independent
auditors completing their customary quarterly review. Informix
currently plans to announce actual results for the first quarter around
the end of April. Informix's future results can be impacted by a number
of factors including but not necessarily limited to the following, any
of which could cause actual results to vary materially from Informix's
anticipated future results: 1) The timing and amount of Informix's
revenues are subject to a number of factors that make estimation of
operating results prior to the end of a quarter extremely uncertain.
2) The market for Informix's products is extremely competitive and there
can be no assurance that Informix's current products will remain
competitive, or that Informix's development efforts will produce
products with the cost and performance characteristics necessary
to remain competitive. The market for Informix's products and
services is characterized by rapidly changing technology and frequent
new product introductions. Informix's success will depend on its
ability to enhance its existing products and to introduce new products
on a timely and cost effective basis. 3) The market for Informix's
common stock is highly volatile. 4) The demand for Informix's employees
is very high and the loss of key employees could affect future results.
5) The other risk factors listed from time to time in Informix's SEC
filings, including but not limited to the annual report on Form 10-K
for the year ended December 31, 1996 (Part II, Item 7).
About Informix
Informix Software, based in Menlo Park, Calif., provides
innovative database technology that enables the world's leading
corporations to manage and grow their businesses. Informix is widely
recognized as the technology leader for corporate computing
environments, ranging from workgroups to very large OLTP and data
warehouse applications. Informix's database servers, application
development tools, superior customer service, and strong partnerships
enable the company to be at theforefront of many leading-edge
information technology solution areas.
More information about Informix is available via the World Wide
Web at http://www.informix.com.
* * *
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this Current Report to be signed on its behalf
by the undersigned, thereunto duly authorized, in the City of Menlo
Park, State of California, on April 1, 1997.
INFORMIX CORPORATION
(Registrant)
By /s/ Alan S. Henricks,
Executive Vice President and
Chief Financial Officer
