Feeds

VA Linux revenue grows over 700 per cent

Loss widens over 600 per cent

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Linux hardware specialist VA Linux Systems saw revenues rise 705 per cent during its third quarter, which ended 28 April. The snag: the company's loss grew too - by 506 per cent.

For the three-month period, revenues grew to $34.6 million from the $4.3 million, the company recorded this time last year. Its loss, meanwhile, swelled from $3.4 million to $20.6 million - 13 cents a share - over the same period.

That compares to the $12.6 million it lost during its second quarter, ended 28 January, on revenues of $20.2 million.

The good news for VA is that both margins are on its way up - from 14 per cent last quarter to 17.3 per cent in Q3 - and the loss before one-charges fell from $6.3 million in Q2 to $4.5 million this time round. Sales from lucrative service accounts rose from 1.5 per cent of revenue last quarter to 4.2 per cent.

VA's president and CEO, Larry Augustin, told The Register last month that the company's gameplan is to hit breakeven next year, and at this rate, assuming it reigns in those one-off charges, there's no reason why it shouldn't do meet that target. ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.