Categories: Vendor News
      Date: 2008-03-27 14:24:51
     Title: RAD introduces G.SHDSL.BIS solution with the market's most comprehensive variety of interfaces
Corel Corporation 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.

Corel Corporation 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. Non-GAAP adjusted net income for the first quarter of fiscal 2008 was $6.7 million, or $0.26 per diluted share, compared to non-GAAP adjusted net income for the first quarter of fiscal 2007 of $2.7 million, or $0.11 per diluted share. Non-GAAP adjusted EBITDA in the first quarter of 2008 was $13.3 million, an increase of 52 percent over $8.7 million in the first quarter of 2007.