Palm rings up strong revenue, profits for year

With good sales of its Treo smart phone, Palm has reported strong fourth-quarter and year-end sales and profits.

For the quarter, sales totaled $US403.1 million, up 20 per cent from last year. For the full 2006 fiscal year, revenue was $US1.6 billion, a gain of 24 per cent over 2005.

Profits jumped, also. For the quarter, net income was $US27.2 million compared to last year's figures of $US17.7 million. Yearly profits were up even more. Net income for 2006 was $US336.2 million. That's just over five times the figure for 2005, which was $US66.4 million.

The income came in large part from shipping 4.7 million Palm devices, including 2.3 Treo smart phones. The company recently introduced the Treo 700w, the first Palm device to run a Microsoft Windows operating system and the 700p, the most recent version of Palm's own software.

Palm said it had now reaped $US1 billion in Treo revenue since the introduction of the brand.

In a statement, Palm president and CEO, Ed Colligan, said the company expected revenue to grow 20 per cent to 25 per cent in fiscal 2007, with gross margins of 33.8 per cent to 34.8 per cent. R&D in 2007 will be 10 per cent to 10.5 per cent of the total revenue.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Cox

Network World
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?