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Mandrakesoft: 39% Increase in Revenues for the Third Fiscal Quarter

Jul 28, 2004, 16:00 (0 Talkback[s])

"During the third quarter of 2003/2004, Mandrakesoft produced a consolidated revenue of 1.50 M€ [US$1.8 million] and a gross margin of 1.25 M€ [US$1.5 million], a respective increase of 39.1% and 66.7% compared with the same period of the previous fiscal year. The gross margin is the highest on record, and quarter by quarter there is an acceleration in its rate of growth (Q1 +29.8%, Q2 47.7%, Q3 +66.7%)

"During the quarter, the company registered an operating income of 0.17 M&euro [US$204,000]; (0.04 € [US$.05] per share) compared to an operating loss of 0.47 M€ [US$565,000] during the same period of the previous fiscal year. The net income increased to 0.19M€ [US$228,000] (0.04 € [US$.05] per share) compared to a net loss of 0.37 M€ [US$445,000] during the previous fiscal year..."

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