GNSSF,VRTY.. "hot earning plays" reporting after the close record earnings. GNSSF zacks estimate $0.10 actual $0.15.. VRTY...Verity Announces Third Consecutive Record Quarter $0.18 cents estimates for
$0.09 cents.. GNSSF were both on the earnings plays watch list and also been in the daily watch lists multiple times. I've also mentioned them on SI.. VRTY already up today 9% on anticipation and GNSSF up 4.50%.. both of these were buys before today.
SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 15, 1998--Verity, Inc. (Nasdaq: VRTY - news), a recognized leading provider of knowledge retrieval solutions for the enterprise and Internet, today reported financial results for its second fiscal quarter ended November 30, 1998. Verity's revenues and net income for the quarter were both at record levels for the third consecutive quarter.
Revenues for the second fiscal quarter were $15.2 million, representing a 15% increase over the $13.2 million in revenues for the previous quarter ended August 31, 1998. Software product revenues, which represented 76% of total revenues for the second quarter, were $11.5 million, which equate to a 16% increase from the $9.9 million for the previous fiscal quarter. Compared to the same period last year, second quarter revenues were up 66% from $9.2 million; software product revenues were up 72% from $6.7 million.
Verity saw significant sales activity in its key markets, including Intranet information access solutions for leading consulting, consumer product, pharmaceutical, healthcare, aerospace, high technology and telecommunications companies. |
