Palm Reports Big Jump In Net Income - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Palm Reports Big Jump In Net Income

Palm Inc. today released its first full quarter of earnings as an independent company and, apart from separation costs accrued when the company was spun off from 3Com Corp., it reported a net income of $16.9 million, up 147% when compared with net income of $6.8 million a year ago. For the quarter that ended June 2, Palm reported revenues of $350.2 million, up 101% from last year's revenues of $174.3 million.

Palm is a provider of personal digital assistants and the developer of the Palm OS platform, which serves as the foundation for its handheld PCs and products from itself and partners such as IBM, Qualcomm, and Franklin Covey. Once a division of networking products and service provider 3Com, Palm was spun off as an independent company late last year.

Palm actually lost $19.6 million this year because of separation costs. Its net income for fiscal year 2000 was $57.5 million, or 11 cents per share, up 81% from fiscal year 1999, when net income was $31.8 million, or 6 cents per share.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
How COVID is Changing Technology Futures
Jessica Davis, Senior Editor, Enterprise Apps,  7/23/2020
Slideshows
10 Ways AI Is Transforming Enterprise Software
Cynthia Harvey, Freelance Journalist, InformationWeek,  7/13/2020
Commentary
IT Career Paths You May Not Have Considered
Lisa Morgan, Freelance Writer,  6/30/2020
Register for InformationWeek Newsletters
Video
Current Issue
Special Report: Why Performance Testing is Crucial Today
This special report will help enterprises determine what they should expect from performance testing solutions and how to put them to work most efficiently. Get it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll