PalmOne Revenues Increase Due To Strong Treo Sales

PalmOne Revenues Increase Due To Strong Treo Sales

By: Christopher Meinck

Palm One today reported that revenue in its fourth quarter of fiscal
year 2005, ended June 3, totaled $335.8 million, up 26 percent from the
year-ago period and marking the eighth consecutive quarter of year-over-year growth. Quarterly revenue was up 18 percent sequentially.

Net income was $17.7 million, or $0.35 per diluted share. This compares to net income for the fourth quarter of fiscal year 2004 of $13.3 million, or $0.27 per diluted share, and net income for the third quarter of fiscal year 2005 of $4.4 million or $0.09 per diluted share.

"We’re very pleased with the company’s performance during the quarter and the fiscal year," said Ed Colligan, palmOne president and chief executive officer. "Our carrier and channel partners reported very strong sell-through on Treo smartphones for the quarter — a 250 percent increase over the comparable quarter last year and 57 percent more than in the third quarter of
fiscal year 2005.

Among the quarter’s other business highlights was the expansion of
Treo(TM) 650 smartphone availability in the United States with Verizon
Wireless and with EarthLink Wireless; in Canada on the Rogers Wireless
high-speed EDGE(2) network; in Australia with Telstra Mobile; in France, the UK and Switzerland with Orange; in Holland with KPN; in Spain with movistar (Telefonica Moviles Espana); in Italy with Telecom Italia Mobile (TIM); in Argentina on Personal’s EDGE Network; in Mexico with Telcel’s EDGE network; and in Venezuela through Digitel TIM — most of which involved carrier customization prior to commercial availability.

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