| SAN FRANCISCO,
CA—October 16, 2002—Macromedia, Inc. (Nasdaq:
MACR) today announced second quarter fiscal year 2003 results.
Net revenues for the three months ended September 30, 2002,
were $85.4 million, compared with net revenues of $87.1
million reported in the same quarter a year ago.
Pro forma net income for the second quarter of fiscal year
2003 was $7.8 million, or $0.13 per diluted share, compared
to a pro forma net loss of $3.3 million, or $0.06 per share
for the second quarter of fiscal year 2002. Net loss on
a GAAP basis for the three months ended September 30, 2002,
was $11.7 million or $0.19 per share, compared to a loss
of $70.7 million or $1.22 per share for the same quarter
a year ago.
“The next generation of digital experiences is gaining
traction, and the Macromedia MX product family is resonating
with customers and partners,” said Rob Burgess, chairman
and CEO of Macromedia. “While we continue to invest
strongly in expanding our opportunities, it’s nice
to be back on track and deliver reasonable operating performance.”
Business Outlook—Fiscal Year 2003
For the quarter ending December 31, 2002, Macromedia expects
revenue to be in the range of $78 to $82 million, with operating
profit margin between 4 and 8%. Both net revenues and profit
are expected to show sequential increases into the March
quarter.
Pro Forma Results
Macromedia’s pro forma results for the three and six
months ended September 30, 2002 and 2001, differ from results
reported under U.S. GAAP due to adjustments for the following
items reported in its unaudited condensed consolidated results
from operations: |
