Macromedia today announced that revenues for the first quarter ended June 30, 1996 were $35,010,000, an increase of 47 percent from $23,857,000 in the same period one year ago. Operating income for the quarter ended June 30, 1996 was $8,953,000, an increase of 71 percent from $5,231,000 in the same period one year ago. Net income for the quarter was $7,120,000 or $0.18 per share, up 61 percent from the $4,423,000 or $0.13 per share earned in the first quarter of last year.
"We are pleased with the acceptance of Director Multimedia Studio, Shockwave, Authorware Interactive Studio and Backstage Studios. MacromediaUs suite strategy is also leading to significantly higher unit volumes for imaging, 3D graphics and sound products. As reported on July 8, we are monitoring expenses carefully in anticipation of sequentially flat revenue in fiscal Q2. However, we will continue to invest in long-term market share growth, product development and Internet-related initiatives."
New Product Announcements and Shipments
In the June quarter, Macromedia announced and shipped Authorware 3.5 for Windows and Macintosh, the most powerful authoring environment for interactive information. The upgrade adds Shockwave for Authorware, featuring streaming multimedia, empowering corporations to create interactive training, performance support and human resource applications for intranets. Authorware 3.5 provides many other new features that give users more speed, creative options and greater ease-of-use.
Macromedia also announced and shipped the Backstage product line, the most powerful family of tools for building database-driven web sites. Backstage is an object-oriented web development tool, empowering developers to create web sites with database without programming. Backstage is only available on Windows 95 and Windows NT.
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