Seems like they did ok. I was out of town and didnt buy like I had planned to yesterday. I think Ill get in tommorrow.
David
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Third quarter revenues increased by 66 percent; Year-to-date revenues up 64 percent
CHICAGO--(BUSINESS WIRE)--March 20, 1997--Technology Solutions Company (TSC) (NASDAQ:TSCC) today announced fiscal 1997 third quarter revenues of $42.3 million for the period ended Feb. 28, 1997, up 66 percent from $25.5 million in the third quarter of fiscal 1996.
TSC's year-to-date revenues for fiscal 1997 were $114.0 million, up 64 percent from $69.5 million a year ago.
"We are pleased with our results achieved in light of typical third quarter seasonal pressures. This marks twelve consecutive quarters of increased revenues and employee headcount," said John T. Kohler, president and chief executive officer of TSC. "We continued aggressive recruiting and expansion efforts throughout the quarter, and as of early March, we reached an all-time high of 1,028 employees worldwide, a significant indication of our accomplishments in project work and new business opportunities globally."
Total company operating income for the fiscal 1997 third quarter was $6.0 million, compared to operating income of $0.6 million for the fiscal 1996 third quarter, which included a one-time litigation settlement of $0.9 million. Excluding this charge, operating income for the fiscal 1996 third quarter was $1.5 million, representing a fiscal 1997 third quarter operating income increase of 301 percent.
Total company net income for the fiscal 1997 third quarter was $4.0 million, an increase of 420 percent from the net income of $0.8 million in the fiscal 1996 third quarter, which reflects the one-time charge. Earnings per share for the fiscal 1997 third quarter were $0.22 on 17.9 million shares and equivalent shares outstanding, compared with earnings per share of $0.05 on 16.4 million shares and equivalent shares outstanding in third quarter 1996 (including the one-time charge). All per share figures reflect the three-for-two stock split effective July 1996.
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