Corel back in black in Q2

Corel Corp. is back in the black in Q2 after raising revenue by 47.1% to $65 million, as recent acquisitions begin to pay off. The software company posted net income of $2.3 million ($.09 cents a share), Corel.bmprebounding from a loss of $4 million ($.19 cents a share) in the same quarter a year earlier. “We are realizing many of the anticipated benefits from the acquisition of InterVideo and Ulead,” says Corel’s CEO David Dobson, “including increased revenue contribution from a broader mix of original equipment manufacturer (OEM) partners as well as a more diverse mix of revenue by geography.” Corel anticipates a net loss of $500,000 ($.02 a share) for its third quarter, or a small profit of as much as $1 million ($.04 a share) on revenue of between $60 million and $62 million.

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