Feeds

Corel income increases

Not much sign of improvement when it comes to sales, though

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Corel has found itself in the black once again, with a small profit of $2.3 million (two cents a share).

That's rather better than the $23.6 million loss is posted this time last year and up on the break-even figure of $534,000 it recorded for Q1 this year.

Sales were broadly static, with revenue dipping slightly from Q2 2000's $36.6 million to $36 million. The difference essentially shows the degree to which the company has cut costs over the last 12 months. The programme involved the loss of 320 jobs and ultimately saw the then CEO, Michael Cowpland, bail out of the company.

Q1 revenue came to $32.5 milion, and there's been very little fluctuation over the last five quarters, including the one reported on yesterday. Cost-cutting can only go so far, and Corel must address how it's going to build its business back up to the level enjoyed just a few years ago. The company is pinning its hopes on Microsoft's .NET initiative and the emerging market for Mac OS X applications. The company said at the beginning of the year that it wanted to sell of its Linux distribution, but it hasn't managed to find a buyer yet.

Corel's cash reserve now stands at $126.2 million, rather better than the $9.8 million it had in the bank this time last year. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.