OTTAWA, June 8 /PRNewswire/ - Simware Inc. (NASDAQ:SIMWF) announced today
that revenue for the fourth fiscal quarter, ended April 30, 1998, was $4.7
million, up 72% from $2.7 million for the same period in the prior year. The
company recorded net earnings in the fourth quarter of $737,000 or $0.11 per
share compared to a net loss in the fourth quarter 1997, of $4.6 million, or
$0.69 per share which included a non-recurring restructuring charge of $1.8
million. Revenue for the year ended April 30, 1998 was $16.0 million compared
to $14.1 million in the prior year. Net earnings for the year ended April 30,
1998, was $392,000 or $0.06 per share, compared to a net loss in fiscal 1997
of $9.1 million or $1.35 per share. All Simware results are in Canadian
dollars
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