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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?

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To: uu who wrote ()8/4/1997 8:19:00 AM
From: Sam Golden   of 1936
 
Earnings oUT 7.46AM-
REVENUE: $10.4 MILLION VS $9.4MILLION
INCOME: $1.0 MILLION VS .2MILLION

$0.02/SHARE ($0.06 FULLY DILUTED)
PRODUCT REVENUE INCREASED 26%

REV 6 MONTHS- $19 MILLION

INCOME 6 MON- $$1.5MILLION OR $0.01/SHARE

Ron Zuckerman CEO " Pleased to report strong growth in operating income on both year-over-year and seqquential qtr basis. major of revenue still derived from core business while y2k intiative continues to build strong momentum. We recently signed $10milliion in y2k contraacts. The financial impact from Y2k this quarter is minimal,but is expected to build durin the year"

This looks pretty good to me!!!!

Sam
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