SCO says it will win its Linux and IBM lawsuits someday, but for today it continues to bleed red ink.
On June 8, The SCO Group reported results for its fiscal second quarter, which ended April 30. The news wasnt good.
SCO, the Unix and wireless software company best known for its rounds of Linux and IBM lawsuits, showed revenue for the second quarter of $7.126 million. For the comparable quarter last year, the company realized $9.258 million of revenue.
The net loss for the second quarter of fiscal year 2006 was over 4.5 million, a loss of 22 cents per diluted common share. In last years second quarter, the Lindon, Utah-based company lost almost $2 million, or eleven cents per diluted common share.
To take a slightly longer viewpoint, revenue for the six months ending April 30 was almost $14.5 million as compared to just over $18 million for the six months ending April 30, 2005. The net loss for the six months ending April 30 was $9.275 million, or a loss of 45 cents per diluted common share, as compared with a net loss of almost $5 million, or 28 cents per diluted common share, for the six months ending April 30, 2005.
While people still think of SCO only in terms of its Linux litigation, the company introduced several new products from both its Unix and mobile businesses in the first half of 2006. For example, SCO completed its work with MySQL AB to certify the commercial version of the popular MySQL 5 DBMS on SCOs OpenServer 6, its flagship Unix operating system.
Read the full story on Linux-Watch.com: SCOs Revenue Goes Down, Down, Down