I agree. Great buy at 27 for a profitable company in the early stages.
ATLANTA--(BUSINESS WIRE)--July 19, 1999--ISS Group, Inc., parent company of
Internet Security Systems, Inc. (ISS)(NASDAQ:ISSX), today announced revenues of
$16,949,000 for the second quarter ended June 30, 1999, a 131% increase over
$7,331,000 for the corresponding period in 1998. The second quarter results continued
the trends established in the first quarter of 1999, producing year-to-date revenues of
$32,935,000, a 146% increase over $13,404,000 for the first six months of 1998. Net
income of the Company for the quarter was $1,650,000 or $.04 per share.
The Company's income is not fully-taxed due to the existence of net operating loss
carryforwards. However, it's the Company's understanding that estimates of the
Company's performance by many market analysts who follow the Company are based
on fully-taxed earnings. For comparisons to such published estimates, the Company's
earnings per share would have been $.03 per share, assuming a tax rate of 35%.
"As a critical enabler of e-business, ISS has experienced strong growth as the demand
for our SAFEsuite(R) security management solutions remains high," said Tom Noonan,
president and chief executive officer, ISS. "Our strategy has continued to be validated in
the marketplace and our role as trusted security advisors readily received by
customers." Noonan added, "As more organizations are tying SAFEsuite to their
e-business initiatives, we look forward to continued execution and performance
throughout the second half of 1999 and into the new millenium." |
