Computer Concepts' Softworks Subsidiary Reports
Record Third Quarter Revenues
BOHEMIA, NY--(BUSINESS WIRE)--Oct. 28, 1997--
Third Quarter 1997 Revenues Increase 68% Over Respective 1996
Period
Computer Concepts Corp. (NASDAQ:CCEE) announced today its SOFTWORKS subsidiary
reported record revenues of $6.85 million for the quarter ended September 30, 1997, an increase
of 68% as compared to revenues of $4.1 million for the quarter ended September 30, 1996. With
$17.8 million annual revenue reported to date, SOFTWORKS has surpassed their 1996 annual
revenue of $16.5 million.
Computer Concepts' President and CEO Daniel DelGiorno, Jr. stated, ''SOFTWORKS' record
third quarter performance is attributable to the increasing demand for their enterprise systems
management solutions including their suite of Year 2000 solutions, performance management
solutions, and storage management solutions. SOFTWORKS 2000 Arena of products is generating
marketplace interest not only because of its comprehensive Year 2000 capabilities, but also
because the arena will provide critical application management capabilities well beyond the
millennium.''
SOFTWORKS President and CEO Judy Carter stated, ''SOFTWORKS continues to outpace its
prior year's revenue results which is indicative of the continued acceptance of its new
SOFTWORKS' SavanTechnology (SST) product lines introduced at the beginning of the year.''
SST is a set of core technologies and R&D design strategies that produce products that help
organizations get the maximum return from their existing technology investments and cost effectively
manage their systems by leveraging staff expertise over a wide variety of platforms.
Carter stated, ''SST, coupled with SOFTWORKS shift from selling short-term licenses to
multi-year enterprise wide agreements, will continue to assure its impressive revenue growth.''
Carter added, ''Based on customer feedback to date, we anticipate the demand for
SOFTWORKS' suite of Year 2000 date conversion and testing solutions to accelerate in 1998 and
1999.''
Computer Concepts develops software tools including d.b.Express (that assist end users in the
retrieval and visualization of all types of data. Computer Concepts' d.b.Express Internet
Server(TM) has recently been integrated with British Telecom's Syncordia Services C-View
software application which allows BT's customers to access and analyze the high volumes of
technical and account information available within BT's Internet-based databases without having to
download the data to their own computers. The new d.b.Express Internet Server(TM) and JAVA
Applet have overcome a major Internet problem, that of high data volume and limited bandwidth,
currently responsible for the lengthy delays associated with data downloading.
Computer Concepts' wholly owned SOFTWORKS subsidiary is a leading global provider of IT
solutions for the enterprise including a suite of tools which provide Year 2000 solutions.
SOFTWORKS responds to the data management needs of more than 1,800 organizations
worldwide, supporting customers, including nearly 80% of the Fortune 100, in more than 50
countries.
Located in Bohemia, New York, Computer Concepts and its subsidiaries employ a staff of 186.
For more information about Computer Concepts and SOFTWORKS, call (516) 244-1500 or visit
Computer Concepts' web site at www.computerconcepts.com or SOFTWORKS' web site at
www.softworkscc.com. |
