Feeds

Memory Corp turns last year's loss into Q2 profit

Jump in sales of 370 per cent helps somewhat

  • alert
  • submit to reddit

Remote control for virtualized desktops

Second quarter figures from Memory Corp tell a happier tale than this time last year. For Q2 99, MemCorp turned a loss of $926,000 (Q2 98) into an operating profit of $474,000. Profit after tax was $52,000. Year-on-year turnover was up from $10.8 million last Q2 to an impressive $40.1 million for the three months ending 2 July this year. That represents an increase of 370 per cent on last year and 11 per cent up on the previous quarter. The company pointed to the release of its FSC2 Flash Controller as one of the quarter's high spots and forecast big sales for its MP3-GO ahead of Christmas. The company's chief executive, David Savage, said: "I am pleased to report that Memory has continued to make progress in the execution of its stated goals during the first eight months on EASDAQ." ®

Choosing a cloud hosting partner with confidence

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.