DRAM.. watched the action today as DRAM sold off of what looks like a nice report. DRAM could come back on any rally.Dataram Reports 60% Earnings Increase, 43% Sales Growth in Fourth Quarter
- Company Reports 39% Increase in Annual Earnings over Previous Year; - Major Expansion Commenced, New European Center Opened
PRINCETON, N.J., May 24 /PRNewswire/ -- Dataram Corporation (Nasdaq: DRAM - news) today reported its financial results for its fiscal fourth quarter ended April 30, 2000. The Company reported net earnings of $2,409,000, or $0.24 per diluted share, compared to $1,506,000, or $0.16 per diluted share, for the same period of the previous year. Revenues for the quarter were $32.9 million, an increase of 43% over the prior year's fourth quarter level of $22.9 million. Volume, measured in gigabytes shipped, increased 70% in the fourth quarter, compared to the prior year period. Net earnings for the year ended April 30, 2000 were $7,846,000, or $0.81 per diluted share, an increase of 39% over prior year earnings of $5,635,000, or $0.60 per diluted share. Revenues for the year were $109.2 million, up 44% compared to $75.9 million in the previous fiscal year. |
