Duke what's holding this puppy back?
TROY, N.Y., Nov. 9 (Reuters) -
(in thousands, except earnings per share)
(unaudited)
Three Months Fiscal Year
Ended September 30, Ended September 30,
1999 1998 1999 1998
Net revenues $ 21,171 $17,110 $74,356 $60,603
Cost of revenues 4,338 3,915 15,642 13,573
Gross profit 16,833 13,195 58,714 47,030
Operating expenses:
Research and development 3,058 2,605 11,253 10,231
Selling and marketing 8,710 6,751 31,538 25,606
General and administrative 2,783 2,228 10,193 8,019
Total operating expenses
14,551 11,584 52,984 43,856
Operating income 2,282 1,611 5,730 3,174
Other income - net 316 246 978 1,150
Income before provision
for income taxes 2,598 1,857 6,708 4,324
Provision for income taxes 883 575 2,198 1,143
Net income $ 1,715$ 1,282$ 4,510$ 3,181
Diluted earnings per share 0.28 0.22 0.75 0.54
Diluted shares outstanding 6,185 5,825 6,047 5,935
NOTE: Full name is MapInfo Corp.
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