Amsterdam, 27 februari 2003 – De SCO Group (Nasdaq: SCOX) heeft de resultaten over het eerste kwartaal van fiscaal jaar 2003 bekendgemaakt. Het netto-verlies bedroeg 724.000 US$, ofwel 0,06 US$ per aandeel, op een omzet van 13,5 miljoen US$. In dezelfde periode in 2002 bedroeg het verlies 11 miljoen US$, of 0,77 US$ per aandeel, bij een omzet van 17,9 miljoen US$.
Darl McBride, CEO van SCO: “Ik ben blij dat we een goede stap hebben gezet op weg naar winstgevendheid. Voor het eerst in het bestaan van SCO hebben we positieve EBITDA-resultaten geboekt. In Q1 van FY2003 was het EBITDA-resultaat 361.000 US$ positief, in FY2002 was het resultaat in Q1 nog 9,2 miljoen US$ negatief. We hebben vertrouwen in onze groeikansen voor het komend kwartaal. Ik verwacht dat - mede door de twee nieuwe strategische initiatieven SCOx en SCOsource - onze omzet in Q2 tussen de 23 en 25 miljoen US$ zal liggen.“
Voor meer informatie zie onderstaand Engelstalig persbericht. Het volledige Engelstalige persbericht (inclusief balance sheets) is te vinden op
www.sco.com.
The SCO Group Reports Operating Results for First-Quarter Fiscal 2003
Wednesday February 26, 7:30 am ET
LINDON, Utah, Feb. 26 /PRNewswire-FirstCall/ -- For the first quarter of fiscal 2003 ended January 31, 2003, The SCO Group (Nasdaq: SCOX - News) reported a net loss of $724,000, or $0.06 per share, on revenue of $13.5 million, compared to a net loss of $11.0 million, or $0.77 per share, on revenue of $17.9 million for the comparative quarter of the prior year. The Company's current fiscal year ends October 31, 2003.
"We are pleased with the Company's progress during the past several quarters as we approach profitability," said Darl McBride, president and CEO. "For the first time in the Company's history we generated positive EBITDA (earnings before interest, taxes, depreciation, and amortization)." The Company's EBITDA for the first quarter of fiscal 2003 was $361,000 compared to negative $9.2 million in the comparable period a year ago (which is reconciled to net loss in the attached financial statements).
McBride continued, "Even though a sluggish economy and lower IT spending continues to hamper revenue, we have made significant progress in becoming profitable. Based on the products introduced during the last two quarters and our focus on SCOx and SCOsource, our two new strategic initiatives, we are confident in our future growth opportunities."
"Based on current conditions," added McBride, "we expect that revenue for our second quarter, ending April 30, 2003, will be in the range of $23 million to $25 million. These projections are based on anticipated revenue from our current operating platforms of $13 million to $15 million, and $10 million from the SCOsource licensing initiative. While we anticipate significant revenue from SCOsource activities this quarter, we are currently unable to estimate the level of potential revenue from this initiative in future quarters."
Conference Call
As previously announced, the Company will host a conference call at 9 a.m. MST today, February 26, 2003, to discuss first-quarter fiscal 2003 results. To participate in the teleconference, please call 800-406-5356 approximately five minutes prior to the time stated above. There will be a subsequent replay of the teleconference available at http://ir.sco.com/conference.html 48 hours after the conference call.
About SCO
The SCO Group (Nasdaq: SCOX - News), a DBA of Caldera International, Inc., helps millions of customers in more than 82 countries around the world grow their businesses everyday through the company's UNIX, Linux and Windows business solutions. Headquartered in Lindon, Utah, SCO has a network of more than 16,000 resellers and 8,000 developers. SCO Global Services provides reliable localized support and services to partners and customers. For more information on SCO products and services, visit http://www.sco.com .
SCO and the associated SCO logo are trademarks or registered trademarks of Caldera International, Inc. in the U.S. and other countries. All other brand or product names are or may be trademarks of, and are used to identify products or services of, their respective owners.
Forward Looking Statements
The statements set forth above include forward-looking statements that involve risks and uncertainties. The Company wishes to advise readers that a number of important factors could cause actual results to differ materially from those projected in the forward-looking statements. These factors include the ability of the Company to enter into licensing agreements; the effectiveness of the Company's new branding efforts; the ability of the Company to successfully roll out its new services and solutions to service providers in its existing channels; the acceptance of such offerings by existing service providers and others; the acceptance of new products and services by the ultimate customers; the ability of the Company to successfully meet its revenue projections, which are based in part, on the continued acceptance in the marketplace of historical products; the ability of the Company to continue to manage its cost reductions without adversely affecting customer service and employee productivity; the ability of recently introduced and new products to operate as designed, including compatibility with various platforms and the absence of other defects; the Company's ability to compete effectively with other solutions providers; the Company's reliance on developers in the open source community; new and changing technologies and customer acceptance of those technologies; failure of our brand to achieve the broad recognition necessary to succeed; unenforceability of the GNU general public license and other Open Source licenses; our reliance on third party developers of components of our software offerings; and claims of infringement of third-party intellectual property rights. These and other factors, which could cause actual results to differ materially, are discussed in more detail in the Company's filings with the Securities and Exchange Commission.
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Over SCO
SCO Group (Nasdaq: SCOX), voorheen Caldera International, levert Unix- en Linux-oplossingen en -diensten aan bedrijven. Het hoofdkantoor van SCO bevindt zich in Utah (VS). Het bedrijf wordt in 82 landen vertegenwoordigd en heeft meer dan 16.000 resellers wereldwijd. SCO Global Services biedt resellers en klanten gelokaliseerde ondersteuning en diensten. Meer informatie is beschikbaar via http://www.sco.com
Voor meer informatie:
SCO
Elbert Vlastuin
Tel: 31(0)20-5708940
elbertv@sco.nl
Whizpr
Annerieke Kamphuis
Tel: +31 (0)317 – 410 483
sco@whizpr.nl