Prominent software company Macromedia Inc. announced officially the financial results for the first quarter of fiscal 2004 year. The company is pleased to point out the duplication of its profits attributed to the ever-increasing demand for the Web design solutions and mobile device programs it provides.
Macromedia refers the great financial growth to its ability to maintain the position of a premier web design solutions provider in the industry. Another key factor for this remarkable success is the booming growth in mobile and business programs.
According to the report, released on Wednesday, Macromedia had net income of $13.9 million, or 19 cents per share. This figures convincingly dominate over the results for the same period of last year 2003 - $6.7 million, or 10 cents per share. Revenues have accordingly scaled up to $103.6 million compared to the $83.1-million inflow in the first quarter of 2003. Pro-forma earnings also marked a double increase jumping from $7.1 million to $14.7 million, or 20 cents per share.
With regard to the prognoses made on the basis of the newly-reported results, Macromediq foresees bigger than $5 million growth in the second-quarter revenue, as well as gross margins of 91 percent to 93 percent for pro-forma earnings and operating profit margins between 16 percent and 18 percent.
The financial disclosure of Macromedia was accompanied by the announcement that the company's vice president of worldwide field operations - Stephen Elop has been promoted to a chief operating officer. Mr. Elop is expected to be in charge of designer/developer, business user, and consumer markets.
