Macromedia, Inc. announced that, based on a preliminary review of its results for the quarter ended June 30, 1996, it expects revenues of approximately $35 million, operating profit of approximately $9 million and net income per share of approximately $0.18. For the same period a year ago, the Company had revenues of $23.9 million, operating profit of $5.2 million and net income per share of $0.13.
"Our revenue growth rate in fiscal Q1 did not meet our expectations," said Bud Colligan, Chairman & CEO of Macromedia. "Despite strong worldwide sales of the new Director Multimedia Studio, all products experienced the general weakness in the Macintosh market. Our sales mix shifted from 65% Apple Mac and 35% Windows in Q4 fiscal 1996 to 56% Mac and 44% Windows in Q1 fiscal 1997. We expect this trend to continue in fiscal Q2 and therefore we anticipate sales will remain relatively flat in the upcoming quarter."
"Despite the general slowdown in Macintosh revenue, we are encouraged by strong sales gains on the Windows platform and the continued acceptance of Macromedia Studios and Shockwave. We are controlling expenses carefully, investing in long-term market share growth and focusing resources on the Internet."
These statements regarding estimated results are preliminary and based on partial information and management assumptions. Macromedia expects to report actual results for the quarter on July 22.
Except for the historical information contained herein, the matters discussed in this news release regarding financial results and demand for Macintosh-based products are forward looking statements that involve risks and uncertainties, including those related to quarterly fluctuations of operating results, dependence on the Macintosh platform, impact of competition, the developing multimedia, Internet and online services markets, and the other risks detailed from time to time in the Company's SEC reports, including its annual report on Form 10-K for the fiscal year ended March 31, 1996. The actual results the Company achieves may differ materially from any forward looking statements due to such risks and uncertainties.
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