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MandrakeSoft: Revenue Down, Gross Margin Up and Massive Reduction of Losses

Dec 15, 2003, 19:15 (1 Talkback[s])

[ Thanks to Alan Smith for this link. ]

"MandrakeSoft's consolidated revenues for the 2002-03 fiscal year decreased by 16% to 3.90M€ over the same period of the prior year. Thus is less than might have been expected given an economic downturn, the negative impact of Chapter 11 like procedure and the weakness of the US$ which is the main currency MandrakeSoft is invoicing...

"Gross margin grew 5% in 2003 to 2.94M€, The gross margin to revenue ratio has improved from 60% in 2001-2002 to 75% in 2002-2003..."

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