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SAN JOSE, Calif., April 17 /PRNewswire/ -- SDL, Inc. (NASDAQ:SDLI) today
announced quarterly revenues and earnings.
For the first quarter ended March 31, 1997, SDL reported revenues of
$21.0 million compared to revenues of $20.4 million in the first quarter of
1996. This represents a 3% increase in revenues. First quarter 1997 net
income was $0.5 million or $0.04 per share compared to a net income of
$2.2 million or $0.18 per share reported for the first quarter 1996. Earnings
per share for the first quarter of 1997 were computed based on 14.3 million
weighted average shares, compared to 12.1 million shares in 1996.
In commenting on first quarter results, Dr. Donald R. Scifres, Chairman
and CEO noted, "Even though our financial performance for the quarter was
disappointing, I believe we made significant progress towards our corporate
goals and strategic directions in Ql. This included diversification into new
lines of vertically integrated products, increased manufacturing capacity,
improved yields on a number of products and significant new orders for value
added products." |
