A profitable fourth quarter couldn't help Santa Cruz Operation break its losing streak, as it again reported a loss for its fiscal year, although the Unix supplier predicts its alliance with IBM will lead to better times ahead.
Doug Michaels, president and chief executive officer of SCO, said the fiscal year had been a defining one for SCO, with the launch of Unixware 7, and changes to its business model.
SCO reported profits of $2.7 million, on revenues of $48.6 million, compared to profit and revenues last year of $4.5 million and $51 million respectively.
Revenues for the year ended 30 September were $171.9 million, down from last year's $193.6 million, and it made a loss of $14.665 million, compared to $15.2 million in 1997, although that included a restructuring charge of $8.4 million.
Latest Tesla news: Tesla stock price tanks amid reports of 'widening probe' by SEC and claims the base Model 3 loses money
SEC 'probe' takes its toll on Tesla as new research suggests that Tesla loses $6,000 on every $35,000 Model 3
10nm Cannon Lake Core i3-8121U CPUs make a rare outing with Intel's NUC mini PC
'Notorious' Australian child hacker thought he had executed 'flawless' hack
The former employee says that Tesla fired him for bringing the accusations to management internally