Thursday, July 12, 2007

Corel profit beats forecasts as revenue surges

(Reuters) - TORONTO, July 12 - Consumer software maker Corel Corp. reported a higher second-quarter profit on Thursday that beat forecasts, as revenues surged almost 50 percent.



Corel, which makes the WordPerfect and WinZip programs, said it earned $2.3 million, or 9 cents a share, in the three months ended May 31. That was up from a loss of $4 million, or 19 cents a share, in the same period a year earlier.


Read more at Reuters.com Market News

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