Earning report is awesome, here it is:
For the quarter ended March 31, 1997, the company reported revenues of $16,533,000, a 173% increase over the $6,058,000 reported for the same period in 1996. Net income for the first quarter was $1,369,000 or $.10 per share as compared to a loss of $1,017,000 or $.13 per share for the same period the previous year.
During the quarter, CyberMedia launched First Aid 97, the latest upgrade to its First Aid family of automated service and support products for PC users in Italy, Germany, France, Australia and the United Kingdom. The international launch of these products, as well as continued strong sell-through of First Aid and Oil Change in the U.S. retail channel, contributed to the growth in revenue for the quarter ended March 31, 1997. The growth in earnings reflects both the growth in revenue and a decrease in percentage of revenue derived from lower margin direct mail during the quarter.
Subsequent to the end of the quarter, CyberMedia announced the acquisition of exclusive worldwide distribution rights to Microhelp UnInstaller from Luckman Interactive Inc. In addition,
in April, 1997 CyberMedia acquired Walk Softly, a small software developer located in San Jose, Calif. and announced CyberMedia's "Cyberwall" personal Internet security product for PCs. |
