Earnings report is out from prnewswire:
Accelr8 Technology Announces a 120% Increase in Net Income
DENVER, Dec. 16 /PRNewswire/ -- Accelr8 Technology Corporation, a leader
in Digital VAX to open systems migration tools and services, including Year
2000 assessment, announced results for the three months ended October 31,
1996.
Gross Revenues: 10/31/96 $612,929 versus 10/31/95 $340,446
Net Income: 10/31/96 $235,878* versus 10/31/95 $106,906
* after accruing $60,000 for Federal Income Tax
Thomas V. Geimer, Chairman of Accelr8, attributed the 120% increase in net
income to the continued high demand for the Company's "re-engineering" and
"modernization" services in Digital environments. Mr. Geimer noted that the
Company is now offering Year 2000 Impact Analysis solutions for the Digital
installed base running FORTRAN applications. The Company anticipates
completion of its Year 2000 COBOL and C tools by the end of the first calendar
quarter in 1997.
Accelr8, is working with several key system integrators (such as Keane and
ISSC) to insure adequate staffing and technical capability to meet the growing
demand for "millennium" date issues in the Digital/VMS market place.
Accelr8 expects to be actively providing Year 2000 Impact services by the
end of the first calendar quarter of 1997.
Accelr8 is a public company trading on Nasdaq-NNM (ACLYD). |
