MACR Record Revenues and Profits New Web Products Drive 47% Growth
beat estimates by 3 cents (24% earnings surprise)
SAN FRANCISCO--(BUSINESS WIRE)--May 5, 1999--Macromedia (NASDAQ:MACR - news) today announced a 47% increase in revenues for the fourth 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 in the fourth quarter a year ago. Net income rose to $7,343,000, or $0.16 per share, 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-month period, 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 year ended March 31, 1999 reached $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 products like Dreamweaver, Flash, Fireworks, Generator and Pathware accelerated our growth,'' said Rob Burgess, Macromedia's chairman and chief executive officer. ''Our efforts this past year have been about delivering a new generation of software to enable the content creators to add life to the Web. The next step is to dramatically improve the experience for users of the Web to enjoy this rich, compelling content. We are very excited about this next phase which we will be launching this quarter.''
For fiscal year 1999, Windows-related revenues increased 29%, representing 58% of total product
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