Tuesday, August 23, 2005
Norwegian web browser and software firm Opera continues to strengthen its position and increased income by over 200 percent in the second quarter. The company had a pretax result of NOK 7.8 million (USD 1.2 million) compared to NOK 2.4 million for the same time last year - ignoring a one-off settlement Opera received from Microsoft in 2004. Turnover was up nearly 75 percent, from NOK 23.2 million to 40.4 million, Dagens Næringsliv reports. A series of vital contracts placing the Opera web browser in mobile telephones and other mobile services is the secret to their success. Income from their desktop browser declined slightly as more users preferred to use the ad-supported free version rather than purchase it, but income from Internet devices more than doubled. Opera CEO Jon von Tetzchner predicts results to improve further in 2005 as the assets from recent contracts become visible, something market analysts also expect.