View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 16, 1997updated 05 Sep 2016 12:33pm

SCO Q3 AS UGLY AS EXPECTED, BUT PROFTABILITY FORECAST FOR Q4

By CBR Staff Writer

As expected Santa Cruz Operation Inc (SCO) produced an ugly set of third quarter results, taking a one-time $8.4m restructuring hit, driving it into the red to the tune of $24.6m at the net level, against a profit of $3.3m the previous year. Revenue for the third quarter fell 42.3% to $31.2m. The charge was for a 10% reduction in headcount, writing off the value of several acquired technologies and getting rid of some facilities. But, the company reckons that as a result of all the hacking back, it should return to profitability by the fourth (current) quarter. Net losses for the nine months to June 30 were $19.7m, down from $26.5m the previous year, on revenue that fell 7.1% to $141.9m.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU