SCO's FY06 results: not a pretty picture (Linux-Watch)
[Posted January 18, 2007 by cook]
Linux-Watch
examines
SCO's recently released fourth quarter financial report.
"
SCO's revenue for the fourth quarter of fiscal year 2006 was $7.349 million, a decline of over a million dollars from $8.528 million for the comparable quarter of the prior year. The company managed to staunch its losses to a degree. The net loss for the quarter was $3.743 million, or $0.18 per diluted common share, as compared to a net loss of $3.431 million, or $0.19 per diluted common share, for the comparable quarter of the prior year. Darl McBride, president and CEO said in a conference call that "The decrease in revenue was primarily attributable to continued competitive pressures on the company's Unix products and services.""
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