Unlike Kas at CMS Watch (I am his big fan, but do disagree), I didn’t see these results as gloomy and “not-so-sunny.” If you put the numbers into context, most of them actually make sense.
With these results in mind, 2009 should be an interesting year for the content management industry. Especially with SaaS and open source players gaining more popularity.
As long as Day’s investment into innovation and technology pays off this year, the shareholders should be happy with this transparent balance sheet and future financial results.
Full article on CMSWire: Day Software Reports Bright and Sunny 2008 Financial Results