Mozille makes a buttload of cash

Mozilla Firefox, better known as the browser you download with IE after you buy your computer because it runs quicker than that slug Microsoft saddles you with, reported some interesting financial numbers for the year 2008. They are another tech company that has seemed to be able to ride out these economic times and grow in profit.

Our revenue and expenses are consistent with 2007, showing steady growth. Mozilla’s consolidated reported revenues (Mozilla Foundation and all subsidiaries) for 2008 were $78.6 million, up approximately 5% from 2007 reported revenues of $75.1 million. The majority of this revenue is generated from the search functionality in Mozilla Firefox from organizations such as Google, Yahoo, Amazon, eBay, and others.

2008 revenues include a reported loss of $7.8 million in investments in the Foundation’s long-term portfolio (approximately 25%) as a result of economic conditions and investment values at the end of 2008. Excluding investment gains and losses, revenues from operational activity were $86.4 million compared to $73.3 million in 2007, an annual increase of 18%.

With Google Chrome, the latest version of IE grumbling in the background, Opera and Safari - there is a lot of competition out there for Mozilla. Although don't count out the devoted fanbase of Firefox, which seems to be growing all the time.

(This is from Tech Rave)