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04.02.2009 - Corel Corporation Reports First Quarter Fiscal 2009 Financial Results



View Corel related news. Corel Corporation (NASDAQ:CREL) (TSX:CRE) today reported financial results for its first quarter ended February 28, 2009. Revenues in the first quarter of fiscal 2009 were $56.2 million, a decrease of 14 percent over revenues of $65.5 million in the first quarter of fiscal 2008. GAAP net loss in the first quarter of fiscal 2009 was $1.5 million, or $0.06 per basic and diluted share, compared to a GAAP net loss of $30,000 or $(0.00) per basic and diluted share, in the first quarter of fiscal 2008.

Non-GAAP adjusted net income for the first quarter of fiscal 2009 was $5.4 million, or $0.21 per basic and diluted share, compared to non-GAAP adjusted net income for the first quarter of fiscal 2008 of $6.7 million, or $0.26 per diluted share. Non-GAAP adjusted EBITDA in the first quarter of fiscal 2009 was $11.0 million, a decrease of 17 percent over $13.3 million in the first quarter of fiscal 2008.

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NID: 27739 / Submitted by: TACKtech Team
Categories: Press Release
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