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Strategies & Market Trends : Position Trading Forum
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To: CharleyMike who wrote (4828)11/1/1998 6:36:00 PM
From: TWICK   of 7247
 
Charley, my picks SWRX. IPO'd at the worst possible time. Time for it to go back to IPO price. And, SOFTWORKS reported that Total revenue for the quarter ended September 30, 1998 increased 62.9% to $11.2 million, as compared to $6.9 million for the same period in 1997. Operating income for the period increased 250% to $1.2 million from $334,000 for the same period in 1997. The revenue increase was attributable to a 90.9% increase in software license revenue over the third quarter in 1997. Additionally, SOFTWORKS' continuing expansion of its international sales force has resulted in a 140% increase in international license revenue to $1.5 million, over the same period in 1997. For the quarter ended September 30, 1998 SOFTWORKS had net income of $537,000 as compared to $127,000 for the same period in 1997.
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