Macromedia (NASDAQ:MACR) has announced a 47% increase in revenues for the
fourth quarter ended March 31, 1999. Revenues for the fourth quarter were
$44,097,000 as compared with $30,012,000 in the same period a year ago.
Gross profit increased 44% to $39,867,000 as compared with $27,653,000 in
the fourth quarter a year ago. Net income rose to $7,343,000, or $0.16 per
share, during the fourth fiscal 1999 quarter, compared to net income of
$1,991,000, or $0.05 per share, a year ago.
Revenues for the fiscal year ended March 31, 1999 increased 33%, totaling
$149,886,000 as compared with $113,086,000 a year ago. For the twelve-month
period, gross profit increased 38% to $135,600,000 as compared with
$98,089,000 in the same period a year ago. Net income for the fiscal year
reached $19,784,000, or $0.44 per share, as compared with a net loss of
$6,186,000, or $0.16 per share, in fiscal year 1998.
"1999 was a successful year for Macromedia as the acceptance of products
like Dreamweaver, Flash, Fireworks, Generator and Pathware accelerated our
growth," said Rob Burgess, Macromedia's chairman and chief executive
officer. "Our efforts this past year have been about delivering a new
generation of software to enable the content creators to add life to the
Web. The next step is to dramatically improve the experience for users of
the Web to enjoy this rich, compelling content. We are very excited about
this next phase which we will be launching this quarter."
Read about Macromedia's newest versions of Dreamweaver and Fireworks in
"Macromedia's Latest: Making the Web Easy"