SmartForce to Meet Third Quarter Revenue and Earnings Targets
Business Editors
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Oct. 1, 2001--SmartForce
(Nasdaq: SMTF), the world's largest e-Learning company, today
announced that it expects to meet previously announced targets for the
Company's third quarter 2001 revenues and earnings per share.
SmartForce expects to report revenues of approximately $68
million, in line with the company's previously announced target of
between $68 and $69 million. SmartForce also expects to report third
quarter earnings per share before acquisition-related amortization of
intangible assets of $0.08 per share, also in line with the company's
previously announced target of between $0.08 and $0.09 per share.
"We are pleased that we were able to achieve our third quarter
revenue and earnings targets despite an extremely challenging
environment in the aftermath of the events of September 11," said Greg
Priest, Chairman and Chief Executive Officer. "Bookings were
negatively affected in the wake of the tragedy, however, and we expect
to see continuing repercussions in the fourth quarter of this year and
beyond. Nevertheless, we continue to target significant revenue growth
and very powerful earnings growth for 2002, and we are confident about
the prospects for the business."
SmartForce will hold a conference call to discuss its expected
third quarter results, and financial targets going forward.
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When: Monday, October 1, 2001 |
