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Technology Stocks : American Power Conversion
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To: Boots who wrote (1452)6/11/1997 9:06:00 PM
From: w0z   of 2574
 
Boots, you stumbled onto the reason for the difference in your last sentence..."profit margin". APC has significantly improved their profit margin since 1996 so the earnings should reflect not only revenue growth, but also profit margin improvement compared to 1996. Regarding APC's seasonality, revenue is usually stronger in the latter half of the year because of the seasonal nature of power disturbances in the Northern Hemisphere, where the bulk of their customers are. As they penetrate South America more, this may moderate somewhat but it will always be skewed toward the latter half of the calendar year.
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