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04.03.2008 - Corel Corporation Reports First Quarter 2008 Financial Results

View Corel related news. Corel Corporation (NASDAQ:CREL) (TSX:CRE) today reported financial results for its first quarter ended February 29, 2008. Revenues in the first quarter of fiscal 2008 were $65.5 million, an increase of 25 percent over revenues of $52.6 million in the first quarter of fiscal 2007. First quarter 2008 revenue includes organic revenue growth of 3 percent, which excludes revenue from products acquired from InterVideo and Ulead. GAAP net loss in the first quarter of fiscal 2008 was $30,000, or $(0.00) per basic and diluted share, compared to GAAP net loss of $11.9 million, or $(0.48) per basic and diluted share, in the first quarter of fiscal 2007.

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NID: 21283 / Submitted by: TACKtech Team
Categories: Press Release
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