Home > Company > Investors > Newsletter > Sn040727

July 27th - 2004

  • Subscribe to the Shareholder Newsletter to receive the latest financial news related to Mandriva directly in your mail box.

39% Increase in Revenues for the

Third Fiscal Quarter (May 2004 – June 2004)

(M Euros)

Q3 2003/04

Q3 2002/03

Variation %

 

3 Months

3 Months

 

Revenues

1.50

1.08

+39.1%

Gross Margin

1.25

0.75

+66.7%

Gross Margin %

83%

69%

 

Operating Income

0.17

-0.47

+0.64

Net Income

0.19

-0.37

+0.56

(*) Unaudited

During the third quarter of 2003/2004, Mandriva produced a consolidated revenue of 1.50 M€ and a gross margin of 1.25 M€, a respective increase of 39.1% and 66.7% compared with the same period of the previous fiscal year. The gross margin is the highest on record, and quarter by quarter there is an acceleration in its rate of growth (Q1 +29.8%, Q2 47.7%, Q3 +66.7%)

During the quarter, the company registered an operating income of 0.17 M€ (0.04 € per share) compared to an operating loss of 0.47 M€ during the same period of the previous fiscal year. The net income increased to 0.19M€ (0.04 € per share) compared to a net loss of 0.37 M€ during the previous fiscal year

Both the growth in sales and the improvement in gross margin are largely attributable to progress in e-commerce, licensing and the Mandriva Linux Users Club, which together now represent 76% of sales compared to 64% for the prior year comparable period.

These results validate the company's strategy of strong growth while maintaining profitability. The company now believes the objective of positive net income for fiscal year 2003/04 to be conservative.

These financial results do not include the acquisition in progress of the company Edge-IT, which is expected to contribute to future revenue.

About Mandriva

Mandriva is a leading Linux and Open Source Software (OSS) editor. (OSS source code is freely accessible according to the GPL, the General Public License). Mandrivasoft develops and distributes the Mandriva Linux operating system. Hundreds of developers around the world contribute to the continuous improvement of the product via Internet and contribute to its internationalization (with more than 67 languages available). The company also provides related on-line and off-line services including consulting, education, support, and the Mandriva Club.
Mandriva has offices in France, USA and Canada. Since July 30th , 2001, the company is listed on Euronext Marché Libre and OTC US

Euronext: ISIN: FR0004159382, Mnemo: MLMAN, Reuters: MAKE.PA, Bloomberg: MLMAN FP
Pink Sheets: MDKFF
Number of shares : 4 753 906

Contact Mandriva
Jacques Le Marois/ Thierry Bossut
investors @ mandrakesoft . com

For additional information: mandriva.com/company/investors/newsletter

  • Subscribe to the Shareholder Newsletter to receive the latest financial news related to Mandriva directly in your mail box.