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Santa Cruz cuts its losses

The Santa Cruz Operation (SCO) cut losses to $40m this year, but the sale of its server software division to Caldera is to be delayed by regulatory problems.

By Ron Coates

Published: 25 October 2000 14:02 BST

The company announced late on Tuesday that revenues for the fourth quarter were up 22 per cent, at $32.8m, from the third quarter's $26.9m. Figures for the full year show revenues of $148.9m with losses of $40m. Hits for cutting the work force and tax adjustments, excluded from this total, bring overall losses to $56.9m.

SCO claims to be confident about the future and is pinning hopes on its Tarantella web-enabling software, which has seen quarterly revenues up 71 per cent to $4.3m, with losses down by a quarter to $5.9m.

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