Macromedia Revenue Up 85% Over Last Quarter
Macromedia announced revenues of $94.8 million for the first quarter ended June 30, 2000, an 85% increase over a year ago. With these results, the company has achieved record revenue results for the tenth consecutive quarter. Pro forma net income grew more than 300% year over year to $14.5 million, or $0.26 diluted earnings per share during the first quarter of fiscal 2001, compared to pro forma net income of $3.5 million, or $0.07 diluted earnings per share in the same period a year ago. During the quarter, Macromedia released its newest product, Macromedia Dreamweaver UltraDev, a visual solution for rapid Web application development. The product is the first application to allow visual creation of data-driven Web applications across industry leading server technologies, such as Sun Microsystems JavaServer Pages (JSP), Microsoft Active Server Pages (ASP) and Allaire ColdFusion Markup Language (CFML). Also in the quarter, Macromedia shipped Macromedia Dreamweaver Objects for Aria and Macromedia LikeMinds eMail. Macromedia Shockwave and Flash player downloads continued to increase. During the quarter, more than 180 million downloads were recorded, compared to 146 million downloads in the March quarter and 93 million downloads in the December quarter. shockwave.com, an Internet entertainment destination, has registered more than 21 million members, up from 17 million members at the end of April 2000. "Our products delivered another record-breaking quarter as they enable our customers to realize their visions of what the Web can be," said Rob Burgess, Macromedia chairman and chief executive officer. "We expect the Dreamweaver and Flash franchises to provide additional opportunities for growth in the future as we further develop these technologies for the wireless and handheld devices markets. We are still just at the beginning of utilizing the Internet to its full advantage and in defining what the Web can be. Our vision of the Web Content Lifecycle is resonating with our customers as we begin to deliver integrated products which enable the production of Web sites for eBusinesses that include sophisticated applications, rich media, deep personalization, and sophisticated analysis."