“New software products: Recent restructuring trimmed costs and
reduced taxes”.
“Corel reported a profit of $9.2-million, or 14 cents a share,
(all earnings figures in U.S. dollars) in the quarter ended May 31.
“I believe that is sustainable and I hope we can grow that number,”
said Michael O’Reilly, Corel’s chief financial officer.”
“The restructuring that closed Corel’s engineering office in
Orem, Utah, last year and the sale of several of Corel’s business
units have substantially trimmed engineering costs at the company.
Those costs may creep up over the balance of the year as Corel
works on versions of its software in the Linux operating system,
Mr. O’Reilly said.
“Advertising costs, meanwhile, fell over the course of last
year, but are temporarily edging up to promote the new versions of
CorelDraw and WordPerfect software released during the second
quarter.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.
Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.