Macromedia (NASDAQ:MACR) has announced a 47% increase in revenues for thefourth 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 inthe fourth quarter a year ago. Net income rose to $7,343,000, or $0.16 pershare, 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-monthperiod, 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 yearreached $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 productslike Dreamweaver, Flash, Fireworks, Generator and Pathware accelerated ourgrowth," said Rob Burgess, Macromedia's chairman and chief executiveofficer. "Our efforts this past year have been about delivering a newgeneration of software to enable the content creators to add life to theWeb. The next step is to dramatically improve the experience for users ofthe Web to enjoy this rich, compelling content. We are very excited aboutthis next phase which we will be launching this quarter."
Read about Macromedia's newest versions of Dreamweaver and Fireworks inJeff Williams' "Macromedia's Latest: Making the Web Easy".