TALX Reports 100% Increase in First Quarter Earnings
ST. LOUIS--(BUSINESS WIRE)--July 23, 1997--TALX Corporation (NASDAQ:TALX)
reported today that first quarter earnings from continuing operations increased 100% to $283,000
from $141,000 in the comparable fiscal 1997 period.
Earnings per share from continuing operations rose to $0.05 from $0.04, reflecting an increase in
weighted average shares outstanding to 5,441,000 from 3,392,000 the year before. First quarter
revenues climbed 26% to a record $5,420,000 from $4,293,000.
Revenues for the first quarter of fiscal 1998 represented an increase of 21% over the prior
sequential quarter revenues of $4,469,000 and earnings from continuing operations rose 98% from
$143,000.
Revenues from The Work Number for Everyone(R) for the first quarter of fiscal 1998 increased
210% to $777,000 from $251,000 over the same period of fiscal 1997. Outsourced services
revenues for the first quarter increased 74% to $575,000 from $330,000 over the comparable
period of fiscal 1997. Revenues from customer premises systems for the first quarter increased 8%
to $3,074,000 from $2,844,000 for the same period of fiscal 1997. Maintenance and support
revenues increased 15% to $994,000 for the first quarter of fiscal 1997 from $868,000 for the
comparable period of the prior year.
``We are pleased with this quarter's results, which reflect the implementation of our strategy to
increase our base of transaction and recurring revenue sources,'' said William W. Canfield,
chairman and chief executive officer of TALX. ``In the first quarter of fiscal 1998, our revenue
from transaction and recurring revenue sources increased to 43% of total revenues, compared with
34% in the first quarter of fiscal 1997. We also continue to see substantial activity in the interactive
web and interactive voice response self-service customer premises systems area.''
The Work Number for Everyone(R), a national service providing automated access for
employment and salary verification, continues to experience significant growth. The total number of
employment records on the service increased to 7.8 million at June 30, 1997 from 7.0 million at
March 31, 1997. Total employment records under contract, including those in contract backlog to
be added to the database, increased to 11.4 million at June 30, 1997 from 10.6 million at March
31, 1997. ``We are very optimistic about the growth of The Work Number for Everyone(R), as
we continue to see a high level of interest from employers and verifiers for the service,'' said Mr.
Canfield.
TALX Corporation designs and implements interactive web and interactive voice response
solutions for self-service transactions, primarily for Fortune 500 and other large organizations other
than telephone service providers, using computer telephony to integrate technologies such as
interactive voice response, facsimile, e-mail, Internet and corporate Intranet. The Company's
interactive communications solutions enable an organization's employees, customers, vendors, and
business partners to access, input and update information without human assistance. The
Company's solutions enhance service levels, improve productivity and reduce costs by enabling
users to perform self-service transactions using interactive communications technologies. TALX
Corporation is headquartered in St. Louis, Missouri, telephone 314-434-0046. Additional
information about TALX may be obtained via the World Wide Web at talx.com .
Statements in this news release expressing the beliefs and expectations of management regarding
future performance are forward- looking and involve risks and uncertainties, including, without
limitation, the risks detailed in the Company's Form 10-K for the year ended March 31, 1997,
and those described in other documents and reports filed from time to time with the Securities and
Exchange Commission, press releases and other communications. These include, but are not
limited to, the continued and increasing acceptance of The Work Number for Everyone(R), intense
competition in the interactive web and interactive voice response industry, dependence on certain
strategic marketing alliances, risks associated with technological change, and a lengthy sales cycle.
Actual results may differ materially from management expectations. |
