Feeds

SCO slides in Q3

Revenue down 18%

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

ComputerWire: IT Industry Intelligence

SCO Group Inc, or Caldera International Inc as it was known until Monday, has released its financial statement for the third quarter ended July 31 2002, and reported revenue down 18% on the same period last year.

The Lindon, Utah-based Unix and Linux operating system vendor reported a net loss of $4.5m on revenue of $15.4m for the third quarter, compared to a net loss of $18.8m on revenue of $18.9m in the same quarter last year. Revenue proved slightly better than the $14m to $15m previously estimated.

The reduced net loss indicates the steps that the company has gone to in order to reduce its expenses following its acquisition of Santa Cruz Operation Inc's Unix server and services businesses in May 2001. The company's net loss was also down from $6.6m in the second quarter, and would have been smaller if not for a $1.2m restructuring charge.

President and CEO Darl McBride said the company had reduced its worldwide operating costs by 6% in the third quarter and increased its gross margin from 65% to 74%. The company claims to have reduced its operating costs by over $8m since the acquisition closed.

Looking ahead to the fourth quarter and full year ending October 31, SCO said it is expecting revenue between $14m and $16m for the fourth quarter and has upped its prediction for the full fiscal year to between $63m and $65m. The company had previously lowered expectations for the full year from between $68m and $72m to between $60m and $64m.

The company said it expects its gross margin to increase to 76% in the fourth quarter, and that it will further reduce its operating expenses by between 2% and 3% as a result of prior restructuring.

© ComputerWire

The Power of One Infographic

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.