Palm has reported its quarter 4 and full year 2009 results- SUNNYVALE, Calif., June 25, 2009 — Palm, Inc. (NASDAQ: PALM) today reported that total revenues in the fourth quarter of fiscal year 2009, ended May 29, 2009, were $86.8 million. Gross profit was $20.1 million and gross margin was 23.1 percent. These results include the effects of subscription accounting treatment required by GAAP.(1) In accordance with this methodology, revenues and cost of revenues for the Palm® Pre™ smartphone are deferred and recognized over the product’s estimated economic life.
To facilitate comparisons to Palm’s historical results, Palm has included non GAAP adjusted measures, which exclude the impact of subscription accounting, stock-based compensation and other items detailed later in this release. The company believes this information will help investors… The full statement is here.
