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MandrakeSoft: Fiscal Year 2001/2002 Revenues Up 28%

Oct 17, 2002, 22:00 (0 Talkback[s])

[ Thanks to Gaël Duval for this link. ]

"MandrakeSoft consolidated revenues for fiscal year 2001-2002 increased by 28% to 4.6 M [euros]. This performance, during a time of particularly difficult market conditions throughout the software industry, is the result of successful new product lines: online sales at MandrakeStore, income from OEMs, and Mandrake Users Club. Together these have generated 43% of the overall revenue, compared to 11% in the last fiscal year.

"This increase in income, in addition to several significant cost-reduction actions, should allow for a major reduction in net operating loss for fiscal year 2001-2002..."

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