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02.06.2008 - Corel Corporation Reports Fourth Quarter and Fiscal 2007 Financial Results

View Corel related news. Corel Corporation (NASDAQ:CREL; TSX:CRE) today reported financial results for its fourth quarter and year ended November 30, 2007. Revenues in the fourth quarter of fiscal 2007 were $72.4 million, an increase of 53 percent over revenues of $47.4 million in the fourth quarter fiscal 2006. Fourth quarter 2007 revenue includes organic revenue growth of 8 percent, which excludes revenue from products acquired from Intervideo and Ulead. GAAP net income in the fourth quarter of fiscal 2007 was $3.3 million, or $0.13 per diluted share, compared to GAAP net income of $9.4 million, or $0.37 per diluted share, in the fourth quarter of fiscal 2006.

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NID: 20348 / Submitted by: TACKtech Team
Categories: Press Release
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