SCOX » Topics » FOR IMMEDIATE RELEASE

This excerpt taken from the SCOX 8-K filed Jun 1, 2005.

FOR IMMEDIATE RELEASE

Contact:    
Blake Stowell
The SCO Group
bstowell@sco.com
Tel: (801) 932-5703
www.sco.com
  Anton Nicholas
Sloane & Company
anicholas@sloanepr.com
Tel: (212) 446-1889


The SCO Group Announces Second Quarter Fiscal 2005 Results

        LINDON, Utah, June 1, 2005—The SCO Group, Inc. (Nasdaq: SCOX), owner of the UNIX operating system and a leading provider of UNIX-based solutions, today reported results for its fiscal second quarter ended April 30, 2005.

        Revenue for the second quarter of fiscal year 2005 was $9,258,000 as compared to $10,137,000 from the comparable quarter of the prior year. The decrease in revenue in the second quarter of fiscal year 2005 from the comparable quarter of the prior year was primarily due to continued competitive pressures on the Company's UNIX products and services.

        The net loss attributable to common stockholders for the second quarter of fiscal year 2005 was $1,962,000, or ($0.11) per diluted common share, as compared to a net loss attributable to common stockholders of $14,726,000, or ($1.04) per diluted common share for the comparable quarter of the prior year.

        "Our core UNIX business remained profitable in the second quarter as expected, and we increased revenue over the prior quarter as a result of improved performance across all geographies," said Darl McBride, President and CEO, The SCO Group. "We have continued to focus our UNIX business on commercial success in the market place and look forward to launching SCO OpenServer 6 later this month. At the same time, our SCOsource business remains committed to pursuing our legal strategy in the courtroom, and we are well-positioned to see our litigation through to its conclusion."

        Revenue for the first two quarters of fiscal year 2005 was $18,123,000 as compared to $21,529,000 from the first two quarters of fiscal year 2004. The net loss attributable to common stockholders for the first two quarters of fiscal year 2005 was $4,923,000, or ($0.28) per diluted common share, as compared to a net loss attributable to common stockholders of $17,212,000, or ($1.23) per diluted common share for the first two quarters of fiscal year 2004. Cash and cash equivalents and available-for-sale securities were $14,192,000 at April 30, 2005. In addition, $3,967,000 remains in an escrow account and is classified as a component of restricted cash as of April 30, 2005, that will be used to pay for certain expenses associated with our litigation.

This excerpt taken from the SCOX 8-K filed Jan 26, 2005.

FOR IMMEDIATE RELEASE

 

 

Contact:

 

 

Blake Stowell

 

Anton Nicholas

The SCO Group

 

Sloane & Company

bstowell@sco.com

 

anicholas@sloanepr.com

Tel:  (801) 932-5703

 

Tel:  (212) 446-1889

www.sco.com

 

 

 

 

EXCERPTS ON THIS PAGE:

8-K
Jun 1, 2005
8-K
Jan 26, 2005
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