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Neoware Reports Fourth Quarter And Financial Year 06 Results

Tuesday, 15 August 2006 by Michel Roth

Q4 Financial Highlights:

� Revenues were $23,553,000, compared to $23,009,000 in the prior year fourth quarter.

� Gross profit was 37% of revenue, compared to 44% of revenue in the prior year fourth quarter. Non-GAAP gross profit was 38% of revenue, compared to 45% of revenue in the prior year fourth quarter.

� Operating expenses were $8,825,000, or 38% of revenue, compared to $7,399,000, or 32% of revenue, in the prior year fourth quarter. Non-GAAP operating expenses were $7,174,000, or 31% of revenue, compared to $6,721,000, or 29% of revenue, in the prior year fourth quarter.

FY06 Financial Highlights:

� Revenues for the year increased 36% to $107,219,000, from $78,784,000 in the prior year.

� Gross profit was 41% of revenue, compared to 43% of revenue in the prior year. Non-GAAP gross profit was 43% of revenue, compared to 44% of revenue in the prior year.

� Operating expenses were $35,126,000, or 33% of revenue, compared to $23,926,000, or 30% of revenue, in the prior year. Non-GAAP operating expenses were $29,861,000, or 28% of revenue, compared to $22,534,000, or 29% of revenue, in the prior year.

Read it all here.