Lotus development corp. 's 1988 profit fell 18%...
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Lotus Development Corp.’s 1988 profit fell 18% from 1987 to $58.9 million. Revenue totaled $468.5 million, up 18%. For the fourth quarter, income for the Cambridge, Mass.-based software
applications developer fell to 61% to $9 million, and revenue slipped 3% to $112.4 million. The company said earnings for the quarter were affected by sales and marketing programs for
spreadsheets as well as research and development spending.