ADIC,EAII,ORBKF three of america's fastest growing companies.
Last quarter with a 54% earnings surprise, EPS growth of 400% and net income increasing from 4 cents a share to 20 cents a share, this is indeed a baby gem.
Advanced Digital Information Corporation (ADIC) sells tape backup systems for computers. The
company buys the tape drives from firms such as Quantum, Sony, and Hewlett-Packard, and then
creates tape libraries. These libraries use a robotic arm to switch tapes while making an archival copy of
a computer hard drive. Customers can buy an entire system or only the robotic arm, since ADIC makes
the devices to work with all 3 types of tape drives, 4mm, 8mm, and DLT, or digital linear tape drives.
Almost half of ADIC's sales come from library units that use DLT drives.
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EAII, Engineering animation. eps growth of 300%, 8% earnings surprise.
Engineering Animation develops, produces, and sells 3D animation products that address visualization,
animation, and graphic needs of its customers in commercial markets. The company produces and
sells 3D computer generated animated movies on videotape, videodisc, and CD-ROM to the litigation,
biomedical, and scientific markets. The company's custom animation products are typically used to
educate students, medical professionals, and juries about complex issues. Engineering Animation also
makes 3D interactive software products on CD-ROM for the academic and consumer markets.
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ORBOTECH, ORBKF beats the street estimates by 16%.
Orbotech announces record first quarter 1997 results
Earnings rise 34% on record profitablitiy
YAVNE, Israel--(BUSINESS WIRE)--May 5, 1997--ORBOTECH LTD. (NASDAQ-NM SYMBOL: ORBKF)
today announced unaudited consolidated financial results for the first quarter ended March 31, 1997.
Revenues for the first quarter were $41.4 million, an increase of 10% from $37.6 million for the first
quarter a year ago. Net income totaled $6.5 million, or $0.49 per share, an increase of approximately
34% compared with net income of $4.8 million, or $0.37 per share in the first quarter of 1996.
Operating and net margins were the highest recorded by the Company since the merger (1992),
reaching 17.6% and 15.6% respectively, as compared to 13.7% and 12.8% for the first quarter of 1996.
Sales were particularly strong in the United States, growing by 39%, and Japan, growing by 21%. Sales
of inspection equipment for printed circuit boards ("PCB"s) increased by 24%. The Company also sold
three inspection systems for flat panel display boards ("FPD"s) during the quarter.
Commenting on the results, Yochai Richter, President and Chief Executive Officer, said, "We are
pleased to begin 1997 with such strong revenues and profitability. Our primary market, printed circuit
board inspection equipment, remains strong. A driving factor is the demand for more PCBs and denser
geometries. We have also experienced a significant increase in sales and bookings of flat panel display
inspection equipment. This reflects favorable market conditions in the FPD industry. |
