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National Post: Corel foresees profit months earlier than expected

Mar 26, 2001, 04:49 (1 Talkback[s])
(Other stories by Robert Thompson)

"Struggling software maker Corel Corp. said yesterday it expects to make a surprising profit during its first fiscal quarter, months earlier than the Ottawa-based company had expected."

"Corel's preliminary estimates show the company expects to report net income of US$500,000 for the quarter that ended on Feb. 28. That is a significant improvement over the previous quarter, when the company lost US$8.6-million...."

"The company said its sales and operating expenses would total between US$33-million and US$34-million, almost half of the US$62-million the company spent in the same quarter a year earlier. Sales in the quarter were down from the previous quarter, when Corel posted revenue of US$40.4-million."

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