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Mandriva reports its 3rd Quarter results

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MDV

Mandriva reports its 3rd Quarter results

Paris, November 18th 2008 - Mandriva today reported its financial and operating results for the 3rd quarter 2008. Turnover for the quarter is 0.83 million Euros, trading revenue is 1.04 million Euros, costs are 1.67 million Euros and the operating loss is 0.64 million Euros.

Turnover and operating results, compared with the 3rd quarter 2007, were 29 per cent down, costs fell by 5 per cent. The company underlines the prudent management of operating costs which fell by 5 per cent. Mandriva's continuing operations reveal a loss of 1.17 million euros YTD. The trading loss for the comparable period is down by more than 50 per cent.

Turnover was affected by lower-than-expected OEM trading which remains a significant sector for short and mid-term development for Mandriva.

The OEM (Original Equipment Manufacturer) turnover represents 17 per cent of the total, the business turnover comes to 64 per cent, and the Community (Linux users) turnover makes up 19 per cent.

Mandriva Mini, a solution devoted to OEMs and ODMs (Original Design Manufacturers), represents a major growth route.

Improvement actions include the distribution of the first Mandriva-based Netbooks following the last road book schedule.

The business market saw the highly successful deployment of Pulse 2 across 18,000 machines which is currently being extended to 85,000 machines on 1,200 sites.

With more than 100,000 machines, Pulse 2 is the open source leader in
heterogeneous IT stock management. A large number of public and private sector organisations in Europe, notably those having planned a migration to Vista® or Linux, have expressed an interest on Pulse 2.

The Community sector has seen new revenue growth through a system of affiliations.

Mandriva Linux 2009 was launched in October and Mandriva Flash 2009 is scheduled for release in December 2008.

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