Corel loses less than estimated

Corel Corp. incurs a loss of (all figures in $US) $11.9 million ($0.48 cents a share) in its first quarter of fiscal 2007. The hit, however, was softer than expected. At the start of the year, the word-processing, photo and graphics software company predicted a net loss of $18 million to $20 million ($0.70 to $0.78 cents a share) for the period due to technicalities stemming from its integration with Intervideo. The loss was also mitigated by $52.6 million in sales, a 19% rise over sales in Q1, 2006.

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