SCO's Unix slide continues in Q4
The SCO Group's revenue continued to fall in the fourth quarter and during fiscal 2005, as Unix sales slumped. Management, however, tried to put a positive spin on the results, released after Thursday's market close, saying that cost-cutting measures have made SCO's Unix business profitable again and adding that plenty of cash remains to continue a legal battle against IBM.
In the fourth quarter, SCO pulled in $8.5m, which is a sharp drop from the $10.1m in revenue reported in the same quarter last year. "This decrease in revenue was primarily due to a decrease in Unix revenue as a result of continued competitive pressure on the company's Unix products and services," SCO said. One positive in the period came as SCO managed to trim its fourth quarter loss to $3.4m, as compared to a loss of $6.5m last year.