Innoveda Reports Fiscal 2001 Results

1/25/2002 - Innoveda, Inc. (Nasdaq:INOV), a leading provider of electronic product software and services, today reported financial results for the fourth quarter and year ended December 29, 2001, including a return to profitability as previously forecast. For the fourth quarter, revenue of $22.1 million and operating income, before amortization, of $2.6 million exceeded consensus street estimates. Net income for the quarter was $1.0 million, or $0.02 per share. For the same period last year, Innoveda reported revenue of $30.8 million, operating income, before amortization, of $4.9 million and a net loss of $1.2 million, or $0.03 per share.

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