Feeds

SCO slides in Q3

Revenue down 18%

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

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

Secure remote control for conventional and virtual desktops

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
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
NATO declares WAR on Google Glass, mounts attack alongside MPAA
Yes, the National Association of Theater Owners is quite upset
prev story

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.
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.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.