Consolidated revenues for the quarter were 1.42 ME, gross margin was 1.16 ME. Revenues grew 8.4% and gross margin grew 28.9% over the comparable quarter a year ago, even though the company suffered from the change in the dollar/euro ratio. Most revenue is in dollars.
Operating result was 0.28 ME, or 0.08 Euro per share, as compared to a loss of 0.59 ME one year earlier.
The positive result, the first since fiscal year 1998/99, reflects the turnaround accomplished by refocusing the company on its core business and higher gross margin revenue lines.
The company expects breakeven operations over fiscal year 2003/2004.
Because of the semi-annual product release cycle, historically, the company reports stronger results in the first and third quarters as compared to the second and forth quarters. Thus the company could report a loss in the next quarter.
About MandrakeSoft
MandrakeSoft is a leading Linux and Open Source Software (OSS) editor. (OSS source code is freely accessable according to the GPL, the General Public License). MandrakeSoft develops and distributes the Mandrake Linux operating system. Hundreds of developers around the world contribute to the continuous improvement of the product via Internet and contribute to its internationalization (with more than 63 languages available). The company also provides related on-line and off-line services including consulting, education, support, and the Mandrake Club.
MandrakeSoft has offices in France, USA and Canada.
Since July 30th , 2001, the company is listed on Euronext March Libre and OTC US
Contact MandrakeSoft
Jacques Le Marois/ Thierry Bossut
investors @ mandrakesoft . com
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