dcsimg
Linux Today: Linux News On Internet Time.




More on LinuxToday


Caldera International Reports Second Quarter Results

Jun 06, 2001, 20:29 (12 Talkback[s])

WEBINAR:
On-Demand

Desktop-as-a-Service Designed for Any Cloud ? Nutanix Frame


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, 2001.
-- Caldera announced the availability of its OpenLinux eServer 2.3.1 preloaded on Compaq ProLiant(TM) servers on February 13, 2001.
-- Caldera acquired the assets of the WhatifLinux technology from Acrylis Inc. on May 3, 2001.
-- Caldera announced the formation of Caldera KK with Fujitsu and Hitachi on May 31, 2001.

The following statements are based on current expectations. These statements are forward looking and actual results may differ materially.

Revenue outlook:

-- For the third quarter of fiscal 2001, the Company expects net revenue to be between $18 to $20 million.
-- For the fourth quarter of fiscal 2001, the Company expects net revenue to be between $21 and $23 million.
-- Net revenue for fiscal 2001 is expected to be between $42 and $46 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.
-- For the fourth quarter of fiscal 2001 the Company expects an operating loss between $9 and $10 million. This operating loss excludes amortization of intangible assets and goodwill and deferred compensation which is expected to be approximately $6.5 million. Net loss is expected to be approximately $0.27 to $0.29 per common share with weighted average common shares outstanding expected to be 57 million shares.
-- For fiscal 2001, the operating loss is expected to be between $44 and $47 million, which includes $1.5 to $2 million of restructuring costs related to the SCO acquisition but excludes the amortization of intangible assets and goodwill, charges for in-process research and development and deferred compensation which is expected to total approximately $14.5 million. Net loss is expected to be approximately $1.22 to $1.29 per common share with weighted average common shares outstanding expected to be 48 million shares.