Macromedia issued a warning for its fiscal first quarter ending June 30. The company expects revenue to be in the range of $85 to $90 million, resulting in a pro-forma loss of $0.15 to $0.20 per share. These pro-forma results exclude acquisition related, restructuring and other one-time charges. First Call/Thomson Financial estimated a profit of 13 cents per share for the quarter.
“While our products continue to maintain leading market share, the web professional development tools market is down 20-30 percent year on year this quarter,” said Rob Burgess, chairman and CEO of Macromedia. “We remain very confident in our long term product strategy and are taking aggressive steps to control our costs and return the company to profitability.”
This is the first financial outlook the company has provided
since it completed its acquisition of Allaire on March 20. Macromedia will report its financial results July 19.
Despite the company’s financial troubles, officials from Macromedia confirmed for MacCentral last week that they
would be exhibiting at the upcoming Macworld Expo in New York. In addition, Macromedia is also sponsoring a Birds of a Feather session on Wednesday, July 18, in the evening. Keith Hutchinson, product manager for FreeHand, will lead the discussion.