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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (55132)8/9/1999 7:36:00 PM
From: Jenna  Read Replies (2) of 120523
 
Bottomline Technologies Reports Record Fourth Quarter and Fiscal Year Results (silently moved up in last few days)

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Aug. 9, 1999--Bottomline Technologies® (NASDAQ:EPAY - news), the premier provider of electronic payment solutions, today reported financial results for the fourth quarter and fiscal year ended June 30, 1999.

Revenues for the fourth quarter were a record $10.7 million, an increase of 34% from the fourth quarter of fiscal 1998. Software license fees for the fourth quarter were a record $4.3 million, a 45% increase over the fourth quarter of fiscal 1998. The growth in revenues was driven by demand for the Company's products which facilitate electronic commerce.

Net income for the fourth quarter increased to a record $1.3 million, a 115% increase over the comparable prior year quarter. On a diluted basis, earnings per share were $0.11 in the quarter. Diluted earnings per share for the fourth quarter reflect an increase in the number of shares resulting from the Company's initial public offering and the exercise of the underwriter's over-allotment option during the third quarter
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