Today Opera Software has released their financial results for Q1 2011 which include the following:
1Q 2011 Financial highlights
Total revenue (MNOK): 207.3 (1Q11) vs. 151.4 (1Q10)
Profitability, earnings before interest and taxes (MNOK): 41.4 (1Q11) vs 5.4 (1Q10)
Record revenue and profitability
Strong revenue growth from operators and desktop
Continuing to see a shift in revenue mix towards license revenue
Revenue and EBIT would both have been 6 MNOK higher on guided FX rates for 1Q11
Revenue: Desktop (1Q11)
Desktop user growth 13% versus end of 1Q10 and 6% versus end of 4Q10
Stronger ARPU than expected due to higher search and content partnership revenue
Overall revenue growth: 36% versus 1Q10 and flat as expected versus 4Q10
As for Q2 2011 guidance, Opera Software expects Desktop and Mobile OEM revenue to be flat/down while Operators and Device OEM revenue should continue increasing.
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Vygantas is a former web designer whose projects are used by companies such as AMD, NVIDIA and departed Westood Studios. Being passionate about software, Vygantas began his journalism career back in 2007 when he founded FavBrowser.com. Having said that, he is also an adrenaline junkie who enjoys good books, fitness activities and Forex trading.