Accelrys Cuts Loss 84 Percent on Slight Quarterly Revenue Gain

May 16, 2007

NEW YORK (GenomeWeb News) - Accelrys yesterday reported a 2 percent increase in fiscal fourth-quarter revenues as R&D spending fell 22 percent and the company cut its quarterly loss by 84 percent.

Total receipts for the three months ended March 31, 2007, increased to $19.9 million from $19.4 million year over year.

Accelrys said growth in its SciTegic Pipeline Pilot product line was offset by reduced sales of legacy products that were “deemphasized" due to product line restructuring.

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