SCO maakt de resultaten van het eerste kwartaal bekend

Amsterdam, 3 maart 2004 - De SCO Group (NASDAQ: SCOX), eigenaar van het UNIX-besturingssysteem en leverancier van UNIX-gebaseerde oplossingen, rapporteert een omzet van US$ 11,392 miljoen in het eerste kwartaal van 2004, dat eindigde op 31 januari. In hetzelfde kwartaal een jaar eerder behaalde SCO nog een omzet van US$ 13,54 miljoen. De omzet in het eerste kwartaal was in lijn met de verwachtingen en bestond voor US$ 11,372 miljoen uit UNIX-producten en -diensten en voor US$ 20.000 omzet uit SCO-broncode-initiatieven.

SCO rapporteerde in het eerste kwartaal een verlies van US$ 2,253 miljoen, of 16 dollarcent per aandeel. In hetzelfde kwartaal een jaar eerder bedroeg dit verlies nog US$ 724.000, of 6 dollarcent per aandeel.

"Onze resultaten in dit eerste kwartaal zijn in lijn met de verwachtingen", zegt Darl McBride, President en CEO. "In de komende kwartalen zullen we onze SCO-broncode-initiatieven blijven uitbreiden en tevens de strijd voortzetten om onze UNIX-eigendomsrechten te beschermen."

Conference call
Vandaag, woensdag 3 maart om 17.00 uur (Nederlandse tijd), geeft SCO een telefonische toelichting op de kwartaalcijfers. U kunt vanaf 16.55 uur inbellen via telefoonnummer 001-913-981-4910, toegangscode 141144.

Het is ook mogelijk om via een webcast aan deze conferentie deel te nemen. Mocht u verhinderd zijn, dan kunt u gebruikmaken van de playback service die over 24 uur beschikbaar is. De webcast en playback service zijn beschikbaar via http://ir.sco.com/medialist.efm

Hieronder volgt het complete Engelstalige persbericht:

THE SCO GROUP ANNOUNCES FIRST QUARTER 2004 RESULTS

LINDON, Utah - March 3, 2004 - The SCO Group, Inc. (NASDAQ: SCOX), owner of the UNIX operating system and a leading provider of UNIX-based solutions, today reported revenue of $11,392,000 for the quarter ended January 31, 2004. In the comparable quarter of the prior year, the Company generated revenue of $13,540,000. Revenue for the first quarter of fiscal 2004 was in line with the Company's expectations, and was comprised of $11,372,000 from UNIX products and services and $20,000 from SCOsource initiatives.

For the first quarter of fiscal year 2004, the Company reported a net loss applicable to common stockholders of $2,253,000, or $0.16 per diluted common share. The Company reported a net loss applicable to common stockholders of $724,000, or $0.06 per diluted common share, in the comparable quarter of the prior year. The net loss applicable to common stockholders for the first quarter of fiscal year 2004 was reduced by $3,624,000 of income resulting from the change in fair value of the derivative associated with the Company's previously issued Series A Convertible Preferred Stock. The loss from operations for the first quarter of fiscal year 2004 was $5,169,000 compared to a loss of $738,000 for the comparable quarter in the prior year. The loss from operations for the first quarter of fiscal year 2004 includes costs of $3,440,000 related to the Company's SCOsource licensing initiatives. These initiatives had not yet commenced in the comparable quarter of the prior year.

"Our revenue and results of operations for the first quarter were consistent with our expectations," said Darl McBride, President and CEO. "In coming quarters, we will continue to expand our SCOsource initiatives, with an ongoing campaign to defend and protect SCO's intellectual property assets, which will include continued end-user lawsuits and negotiations regarding intellectual property licenses. At the same time, we are committed to supporting our extensive UNIX customer base and leveraging our UNIX business for future growth opportunities. Over time, these two efforts are expected to yield positive long-term results for our stockholders."

Financial Outlook
The following financial outlook reflects expected contributions from the Company's two business lines, SCOsource and UNIX products and services. These statements are forward looking and actual results may differ materially. See the discussion of certain risks and uncertainties related to this financial outlook at the end of this release under "Forward-Looking Statements."

For its second fiscal quarter ending April 30, 2004, the Company currently expects total revenue to be in the range of $10,000,000 to $14,000,000. Revenue from the Company's SCOsource initiatives remains difficult to predict in the short-term due to the nature of these licensing transactions and the variability of the timing of revenue recognition. However, the Company anticipates revenue from its SCOsource initiatives will increase in future periods. Operating expenses relating to the Company's UNIX business for the next three quarters are anticipated to decrease from the first quarter of fiscal year 2004 and comparable quarters of the prior year as the Company's worldwide operations continue to become more efficient. Expenses associated with SCOsource initiatives for the next three quarters are expected to remain consistent with expenses incurred in the first quarter of fiscal year 2004 as the Company continues its legal strategy to enforce and protect its UNIX intellectual property.

Conference Call
As previously announced, the Company will host a conference call at 11:00 a.m. EST today, March 3, 2004, to discuss its first quarter 2004 results. To participate in the teleconference, please call (800) 818-5264 or (913) 981-4910, confirmation code 141144, approximately five minutes prior to the time stated above. A listen-only Web cast of the call will be broadcast live with a replay available the following day. The Web cast and replay may be accessed from http://ir.sco.com/medialist.efm.

Over SCO
The SCO Group (NASDAQ: SCOX), eigenaar van het UNIX-besturingssysteem, levert UNIX-oplossingen en -diensten aan bedrijven. Het hoofdkantoor van SCO bevindt zich in Utah (VS). Het bedrijf wordt in 82 landen vertegenwoordigd en heeft meer dan 16.000 resellers wereldwijd. SCO Global Services biedt resellers en klanten gelokaliseerde ondersteuning en diensten. Meer informatie is beschikbaar via http://www.sco.com