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Macromedia Reports Third Quarter Fiscal Year 2002 Results January 16, 2002 |
| SAN FRANCISCO, CAJanuary, 16, 2002Macromedia (NASDAQ:MACR) today announced third fiscal quarter 2002 results. Revenues for the quarter ended December 31, 2001 were $73.3 million, compared with pro forma revenues of $99.0 million reported in the same quarter a year ago. Pro forma net loss was $10.0 million, or a loss of $0.17 per share, for the third fiscal quarter 2002, compared with pro forma net income of $20.2 million, or diluted earnings per share of $0.36 for the same period in the prior year. Revenues for the nine months ended December 31, 2001 totaled $249.1 million, compared with pro forma revenues of $287.4 million for the nine-month period a year ago. Pro forma net loss for the nine-month period was $22.0 million, or a loss of $0.38 per share, compared with pro forma net income of $58.5 million, or diluted earnings per share of $1.03, for the nine months ended December 31, 2000. On a GAAP basis, net loss for the third fiscal quarter 2002 was $42.9 million, or a loss of $0.74 per share, compared with net income of $12.8 million, or diluted earnings per share of $0.23, for the same period last year. Net loss for the nine months ended December 31, 2001 on a GAAP basis was $225.4 million, or a loss of $3.89 per share, compared with net income of $35.1 million, or diluted earnings per share of $0.62 per share, for the same period last year. "The economy continues to affect our short term results, but not our optimism about the future," said Rob Burgess, Macromedia chairman and chief executive officer. "We are focused on delivering a major new product cycle that will empower our customers to realize the promise of the next-generation of the Internet." |