Phoenix Technologies, Ltd. (PTEC) Discusses Third Quarter Earnings and Raises FY08 Revenue Guidance
Phoenix Technologies, Ltd. (NASDAQ: PTEC), a global market leader in system firmware that provides the most secure foundation for today’s computing environments, recently announced the company’s results from the third quarter, stating that quarterly revenues posted a 53 percent year-over-year increase to $19.3 million, compared with $12.6 million in the third quarter of fiscal year 2007. Non-GAAP basis net income for Phoenix Technologies totaled $1.3 million or $0.04 per diluted share, compared with a non-GAAP net loss of $0.3 million or a loss of $0.01 per diluted share during the third quarter of 2007. In spite of increased spending, the…