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

[ 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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