Caldera International Reports Second Quarter ResultsJun 06, 2001, 20:29 (12 Talkback[s])
OREM, Utah--June 6, 2001-- Caldera International, Inc. (Nasdaq:CALD), today reported revenue of $1.6 million for the three months ended April 30, 2001, a 17 percent increase over revenue of $1.4 million for the comparable three-month period of the previous fiscal year and a 52 percent increase over revenue of $1.1 million for the prior quarter.
The Company reported a net loss attributable to common stockholders for the three months ended April 30, 2001 of $11.7 million, or $0.29 per common share, compared with $9.2 million, or $0.32 per common share, for the comparable three-month period of the previous fiscal year and $9.8 million, or $0.25 per common share, for the prior quarter. The net loss attributable to common stockholders for the second quarter of fiscal 2001 included a charge of $4.3 million related to the write-down of investments, whereas the comparable quarter for the prior fiscal year included a $2.3 million charge for dividends related to preferred stock.
"This will be the last report of results from Caldera Systems as a stand-alone entity. The acquisition of the SCO Server and Professional Services Divisions, which included the UnixWare and OpenServer technologies, was completed May 7, 2001. Caldera International, Inc. has now become the largest Linux company with global infrastructure that includes sales, support, and marketing in 82 countries," said Ransom Love, president and CEO of Caldera International, Inc.
Recent company highlights include:
-- Caldera announced its completion of the acquisition of The
Santa Cruz Operation Inc. (SCO) Server Software and Professional
Services divisions, UnixWare and OpenServer technologies on May 7,
The following statements are based on current expectations. These statements are forward looking and actual results may differ materially.
-- For the third quarter of fiscal 2001, the Company expects net
revenue to be between $18 to $20 million.
Operating loss outlook:
-- For the third quarter of fiscal 2001 an operating loss of
between $14 and $15 million is expected. This operating loss
includes $1.5 to $2 million of restructuring costs related to the
SCO acquisition, but excludes amortization of intangible assets and
goodwill, charges for in-process research and development, and
deferred compensation which is expected to be approximately $8
million. Net loss is expected to be approximately $0.40 to $0.42
per common share with weighted average common shares outstanding
expected to be 56 million shares.