FYI
CAMBRIDGE, Mass., Oct. 3, 1996 -- Gensym Corp. (NASDAQ:GNSM), a
leading provider of software products for intelligent systems,
today reported that its revenues for the quarter ended September
30, 1996 are expected to be approximately $8.9 million, 18 percent
above those of the corresponding quarter last year, with earnings
per share of approximately $.03, the same as the corresponding
quarter last year. For the first nine months of 1996, revenues
are expected to be approximately $26.8 million, an increase of
39 percent over the corresponding period last year. Net income
for the first nine months of 1996 are expected to be approximately
$1.2 million, or $.20 per share, compared to a net loss of $46,000,
or ($.01) for the same period last year.
"During the quarter," said Lowell Hawkinson, chairman and chief
executive officer, "we continued to invest significantly in market
development and in new products and product enhancements, especially
in the directions of emerging technology standards and total product
solutions for our customers. However, we did not close a number of
significant orders that we had expected to close this past quarter." |
