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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (2287)1/18/2001 6:17:12 PM
From: Jenna  Read Replies (1) of 6445
 
NetIQ Corporation Announces Record Second Quarter Revenue and Earnings

With NTIQ I had already decided to hold through earnings after the morning announcement they would beat earnings and after the 2 day correction.

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 18, 2001--NetIQ® Corporation (Nasdaq:NTIQ - news), a leading provider of e-business infrastructure management software that enables organizations to optimize the performance and availability of their Microsoft Windows NT- and Windows 2000-based systems and applications, today reported record revenue and earnings for its second fiscal quarter ended Dec. 31, 2000.

Total revenue for the quarter ended Dec. 31, 2000 increased to $39,653,000, compared to $9,122,000 in the same quarter of the prior fiscal year, representing a 335% increase. Excluding amortization of goodwill and other intangibles and stock-based compensation, net income for the second quarter was $8,553,000, or $0.20 per diluted share, compared to net income of $1,608,000 or $0.09 per diluted share in the same quarter of the prior fiscal year.
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