SCO Continues to Lose Money
Linux and a lack of SCOsource licensing revenue continue to push SCO's revenue down, but OpenServer 6 is doing well so far.SCO, the company best known for Linux litigation and its Unix operating systems, reported results for its fiscal third quarter ended July 31, 2005, on Wednesday. The news wasnt good. Revenue for the third quarter of fiscal year 2005 was $9.3 million as compared to $11.2 million for the prior years comparable quarter. This was a slight uptick over the second quarter of 2005, in which the Lindon, Utah-company realized $9.2 million. For common stockholders, the net loss for the third quarter was over $2.4 million, or 13 cents per diluted common share.
This was a far cry from the third quarter of 2004, when common stockholders realized a profit of 38 cents per share.