“Corel Corp. said yesterday that sales fell 26 per cent last
quarter but it will still make a profit, thanks to an investment by
former rival Microsoft.“
“The software company said yesterday that interest income from
the $135-million investment will allow it turn an operating loss of
about $1.5 million into a profit of about $500,000.”
“…Despite the surprisingly good bottom-line results — Corel
wasn’t expecting a profit for six more months — sales of its
traditional products remain in trouble. Corel said it will report
sales of only $32.5 million for the quarter ending Feb. 28, a 26-
per-cent decline from a year earlier and down 20 per cent from the
November 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.
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