Palm's third quarter revenues up 36%
Operators double Treo sales
Palm, which celebrates its tenth birthday on Monday, gave itself an early present with its third quarter figures. The company said its focus on smartphones and the decision to support Windows Mobile as well as Palm OS was bearing fruit, as operator sales of Palm Treos doubled, and overall revenues at the company were up 36% against the quarter to the end of March 3, 2005.
The company reported total revenue of $388.5 million its third quarter, generating a net income of $29.9 million.
“We delivered strong results this quarter, a result of solid execution against company objectives,” said Ed Colligan, president and chief executive officer of Palm. “We extended our record of double-digit year-over-year revenue growth and profitability gains. Smartphone sell-through reported by our carrier partners more than doubled over the year-ago period, validating our strategic decision to support multiple open platforms and offer a choice of smartphones based on either Windows Mobile or Palm OS.”
Operators sold 569,000 Treo smartphones in the quarter, up 102% on the previous year. And Palm shipped 564,00 Treos into the market over the period.
The company suggests it will generate up to $405 million in its fourth quarter, which ends June 2, with a gross margin of 33.5%.
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