MandrakeSoft: Fiscal Year 2001/2002 Revenues Up 28%
Oct 17, 2002, 22:00 (0 Talkback[s])
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[ Thanks to Gaël Duval for this
"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..."