Mandriva today reported its financial and operating results for the third quarter 2008.
Turnover for the quarter is 0.83 million Euros, trading revenue is 1.04 million Euros, costs are 1.67 million Euros and the operating loss is 0.64 million Euros.
Turnover and operating results, compared with the 3rd quarter 2007, were 29 per cent down, costs fell by 5 per cent.
The company underlines the prudent management of operating costs which fell by 5 per cent.
Mandriva today announces its financial results for Q2 2008. Sales were 1.26M, operating revenue (taking into account external funding for research projects) was 1.47M, operating expenses were 1.76M and operating loss was 0.29M.
Compared to the corresponding quarter a year ago, sales and operating revenue grew by 25%, expenses decreased by 3% and operating loss was reduced by 56%.
Scope
These results include Mandriva SA, Edge IT, a French subsidiary, Conectiva, the Brazilian subsidiary and Linbox FAS, a French subsidiary part of the group since June 1, 2007.
Change of fiscal year end
The shareholder meeting of May 25, 2007 approved a change in the fiscal year which will now be the same as the calendar year. This will allow us to synchronize the fiscal year of all the entities in the group. As a consequence, the fiscal year started on October 1, 2006 will have an exceptional duration of 15 months and will be closed on December 31, 2007.
Mandriva (formerly Mandrarkesoft) reported for the third quarter of fiscal year 2006-2007 revenue of 1.02M and a loss of 0.6M.
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