Feeds

SCO slides in Q3

Revenue down 18%

  • alert
  • submit to reddit

The essential guide to IT transformation

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

Boost IT visibility and business value

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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?