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LinuxPR: Corel Returns To Profitability in Second Quarter Fiscal 1999

Jun 21, 1999, 22:18 (0 Talkback[s])

"Best quarterly earnings in almost four years"

"Corel Corporation today announced results for its second quarter ended May 31, 1999, which were consistent with its preliminary release on June 18, 1999. Revenues for the second quarter of fiscal year 1999 were $70.5 million, compared to $63 million in the second quarter of fiscal 1998. Net profit for the quarter was $9.2 million or $0.14 per share fully diluted, compared to a net loss of $8.3 million or ($0.14) per share in the same period last year. Cash at the end of the quarter stood at $16.5 million. All figures are reported in US currency."

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