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Mandrakesoft: Mandrakesoft 2003/2004: Back to Profitability

Dec 01, 2004, 16:00 (10 Talkback[s])

"In fiscal year 2003/2004, Mandrakesoft's consolidated sales revenue reached 5.18 million euros [US$6.89 mil] and operating revenue reached 6.29 million euros [US$8.37 mil]. This represents strong growth of 33% and 58%, respectively, compared to FY 2002/2003. The additional growth in operating revenue, beyond the portion attributable to the growth in sales revenue, is due to R&D grants received, amounting to 0.67 million euros [US$.89 mil], and to a reversal of provisions for doubtful accounts, amounting to 0.27 million euros [US$.36 mil]..."

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