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Stocks M / Macromedia, Inc.
|Subject: Q3 Results||Date: 1/21/2005 5:50 AM|
|Author: tennjed33||Number: 1153 of 1173|
Net revenues for the quarter were $108.6 million, a 15 percent increase compared to the $94.8 million reported for the same period last year.
Net income for the quarter ended December 31, 2004 was $15.3 million, or $0.20 per diluted share, compared to $10.3 million, or $0.15 per diluted share, for the same quarter a year ago. Pro forma net income for the quarter ended December 31, 2004 was $16.0 million, or $0.21 per diluted share, compared to $12.9 million, or $0.18 per diluted share, for the same quarter a year ago.
"What pleased me about the performance in the quarter is that we had solid results in all three of our businesses and across all of our regions," said Rob Burgess, chairman, Macromedia. "Our core products are doing well, our new initiatives like Breeze and Flex are really starting to take off, and mobile is set to explode."
For the quarter ending March 31, 2005, Macromedia expects net revenues to be in the range of $108 to $113 million, with pro forma gross margins in the 92 to 93 percent range and a pro forma operating profit margin between 15 and 17 percent.
For fiscal year 2006, the company expects revenues to exceed $500 million with operating margin trending towards 20% over the course of the year. These forward looking statements are subject to risks and uncertainties discussed below and actual results may differ materially.
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