Money crossing the Palm

Things are looking up for palmOne, the "hardware half" of the Palm empire. The compnay reported a 62% jump in quarterly revenue, to $273.1 million for the first quarter of fiscal 2005.

Even better than that, it earned a profit. Net income was $19.6 million, or 38 cents per share. A year-ago, for the same period, the company reported a net loss of $16.9 million, or 57 cents per share.

Some other key fundamentals turned out well for the period:

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Things are looking up for palmOne, the "hardware half" of the Palm empire. The compnay reported a 62% jump in quarterly revenue, to $273.1 million for the first quarter of fiscal 2005.

Even better than that, it earned a profit. Net income was $19.6 million, or 38 cents per share. A year-ago, for the same period, the company reported a net loss of $16.9 million, or 57 cents per share.

Some other key fundamentals turned out well for the period:

* The revenue growth was the fifth consecutive quarter with year-to-year increase.
* Unit sales of handheld computers was up 10% compared to a year ago.
* Gross marging rose to 33.3% for the quarter, compared to 30.5% for the previous quarter and 28.1% a year ago.
* Inventory turns rose to 44 times comapred with 21 times a year ago.
* The company took in $31.3 million in cash from the quarter's operations.