SCO's red ink disgorge persists (Linux-Watch)
[Posted September 7, 2006 by cook]
Linux-Watch
looks at
SCO's 3rd quarter financial results.
"
Revenue for the third quarter of fiscal year 2006 was $7,421,000 as compared to $9,353,000 for the comparable quarter of the prior year. The net loss for the third quarter was just over $3.5 million or 17 cents per diluted common share, as compared to a net loss of just over $2.3 million or 13 cents per diluted common share, for 2005's comparable quarter.
"The decrease in revenue and increase in net loss were primarily attributable to continued competitive pressures on SCO's Unix products and services from Linux," SCO CFO Bert Young said in a conference call."
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