During this fiscal year, MandrakeSoft generated consolidated revenues of 4.7 ME — an increase of 31% from the previous year. This performance gain was made possible due to the success of several offerings which enjoyed strong growth: Online sales at MandrakeStore, OEM revenue, and revenue from Mandrake Linux Users Club accounted for 42% of consolidated revenue, compared to 11% in fiscal year 2001/02.
The growth of new revenue lines that provide high margins in addition to improved margin in the retail activity provided a 169% increase of gross margin which amounts to 59% of total revenues compared to 29% for the previous fiscal year. Simultaneously, MandrakeSoft continued to pursue an aggresive cost-reduction strategy which resulted in operating expenses being lowered by 42%.
The complete announcement, including timeline charts and a short analysis, is
available online at:
http://www.mandrakesoft.com/company/investors/new
This good news should enable MandrakeSoft to close the Increase of Capital
sooner than expected (which is currently still open to subscribers):
http://www.mandrakesoft.com/company/investors/bsa“
Link: MandrakeSoft
