Software vendor SCO announced on Thursday that its first quarter results will not meet expectations, citing disappointing sales in Asia.
In a statement, John Luhtala, senior vice president and chief financial officer, said: "Sales for the first quarter will be below our expectations, primarily due to weakness experienced in Asia as well as ongoing product transitions"
He added: "While we are disappointed with the lower revenue levels, it is important to note that SCO's performance in the first quarter is reflective of the company's highly leveraged operating model, whereby changes in revenue levels can result in a significant fluctuation in earnings."
SCO stated that it had not yet seen significant revenue from the launch of Unixware 7, the newest version of its Unix operating system, though it did see modest revenue from its middleware Tarantella. Both products were launched this quarter.
SCO will publish its first quarter results on 27 January.
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