GeoTel Communications Corporation Announces Record Revenues and Profits for Q3 1997
LOWELL, MASS. (Oct. 15) BUSINESS WIRE -Oct. 15, 1997--
Multiple New-Customer Deployments Yield 115% Revenue Increase
GeoTel Communications Corporation (NASDAQ: GEOC), a leader in
intelligent call distribution and call management software, today
reported record financial results for the third quarter of 1997, ended
September 30, 1997. The Company announced quarterly revenues of $5,159,
000, a 115% increase over the $2,396,000 in revenues reported for the
three months ended September 30, 1996. Net income of $1,487,000, or
$0.11 per share, was reported for the third quarter of 1997, compared
to $138,000, or $0.01 per share, for the year-ago quarter.
For the nine months ended September 30, 1997, GeoTel reported revenues
of $12,354,000, an increase of 97% over revenues of $6,284,000 for the
same period of 1996. Net income for the nine months increased to
$3,193,000, or $0.23 per share, compared with $226,000, or $0.02 per
share, for the year-ago period.
During the quarter, the Company added several new customers to its
installed base including Carlson Wagonlit Travel, Damark International,
Sprint Telemedia, and State Farm Insurance. GeoTel now serves a total
of 193 call-answering sites through 27 customer-premises ICR
installations. Revenues for the quarter also included approximately $1,
800,000 related to the initial deployment of the Network Intelligent
CallRouter(TM) at BT. This revenue represents a portion of the
$7.8-million order, announced in January, to supply BT with the Network
ICR. Altogether, new system installations accounted for 72% of
software-license revenues for the third quarter.
"The addition of several new customers to our installed base further
validates the GeoTel Intelligent CallRouter(TM) as a market-leading
technology for enterprise-wide, intelligent call distribution and call
management," said GeoTel President and CEO, John C. Thibault. "During
the quarter, we continued to expand and enhance our premises-based
solutions, most recently with enterprise-wide CTI capabilities
announced earlier this quarter."
Thibault also noted GeoTel's continued focus on the Network Service
Provider (NSP) market. "During the second quarter, we strengthened our
commitment to leveraging carrier opportunities by establishing a GeoTel
division dedicated exclusively to marketing, selling and supporting the
Network Intelligent CallRouter on a global basis. At the same time, we
announced a reseller agreement with Hewlett-Packard which enables HP to
distribute the Network ICR throughout the world. These developments,
coupled with ongoing product development, are designed to extend the
reach of our network-based offering on a broad international scale." |
