Macromedia announced its fourth quarter/end of year results yesterday, with revenues and profits rising for the company.

Net revenues for the quarter which ended March 31 were up 22 per cent year on year at $102 million. The company yielded $369.8 million net revenues for the full financial year – a ten per cent increase year on year.

The results left the company with net fourth-quarter income of $14.7 million. Net income was $6.9 million in the year-ago quarter. Pro forma net income for the three months ended March 31, 2004 was $15.7 million.

Net income for the year was $41.5 million, compared to a net profit of $1.6 million in the previous year.

The company delivered a number of Windows products in the year, including RoboHelp X5, Flex and Breeze. It also delivered major stability and performance updates for its Studio MX products in the just-gone quarter.

Macromedia expects net revenues to be in the range of $100 to $105 million in the coming quarter; and anticipates net income for the year to "be in the range of $410 to $430 million".