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More on LinuxToday MandrakeSoft Announces Massive Reduction in Operating Loss

Jul 23, 2002, 22:00 (4 Talkback[s])
(Other stories by Phil Lavigna)

[ Thanks to Phil Lavigna for this link. ]

July 23rd, 2002 -- MandrakeSoft announced today that the company's financial status has vastly improved. As reported in the latest Shareholder's Newsletter, the company is "on track" to becoming profitable by year's end.

The 3rd Quarter financial results show that:

  • Income is up by 33% compared to the same quarter one year ago.
  • Losses are almost four times lower than one year ago

Everyone at MandrakeSoft would like to thank the entire community -- and especially MandrakeClub members -- who helped us reach this point.

Shareholder's Newsletter

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