Netscape?s turnover soared to $100 million in its third quarter, a 300 per cent increase over the same period last year. Profits amounted to $8 million, compared to only $200,000 in its third quarter last year.
Jim Barksdale, president and CEO at Netscape, said the reasons for the surge reflected the penetration of the corporate market. He said that Chrysler, Shell and other major corporations had chosen Netscape as their Intranet platform and the channel had made inroads for Netscape, contributing nearly half of its turnover for the quarter.
Server sales in particular rose during the quarter and now account for nearly a quarter of the company?s turnover. Client sales account for 59 per cent and services 10 per cent. Netscape is particularly pleased with sales of its Soft Suite server family.
Although gross margins were down on the same period last year, it is unlikely that a figure of 85 per cent rather than 87 per cent will dismay shareholders or company executives.
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