Some good news to lighten an otherwise dreary day -- CrossKeys just announced record earnings. Net earnings up 215% over same quarter a year ago. This has to bode well for NN, considering many of these sales are based on their products. Besides the fact NN owns 20+% of the company.
Thanks, too, for the latest Dell'Oro statistics.
We'll need every bit of positive evidence to hold us up tomorrow. I'll be looking for buying opportunities, if not tomorrow, then in the days that follow. (I think TI might be the second shoe.)
Later --
Pat
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CrossKeys Systems Corporation Announces Record Revenue And Earnings In Eighth Consecutive Quarter Of Growth
KANATA, Ontario, Canada, March 4 /PRNEWSWIRE/ - CrossKeys Systems Corporation (NASDAQ: CKEYF - news; TSE: CKY - news), a leading supplier of service, network and element management applications software for telecommunications service providers, today announced record revenue and earnings for its third quarter of fiscal 1998 ended February 01, 1998. This quarter represents the eighth consecutive quarter of revenue and operating earnings growth for the Company.
CrossKeys revenue for the third quarter of fiscal 1998 was $9.9 million, up 63% from the $6.1 million achieved in the third quarter of fiscal 1997. Net earnings for the quarter were up 215% to $1.3 million, compared to the $0.4 million reported for the third quarter of fiscal 1997. Fully diluted earnings per share for the third quarter of fiscal 1998 were $0.07 Cdn based on 17.5 million average shares outstanding, compared to $0.03 Cdn per share in the third quarter of fiscal 1997 based on 14.9 million average shares outstanding. Fully diluted earnings per share for the third quarter of fiscal 1998 were $0.05 US translated at the average exchange rate for the quarter of $0.7006 as reported by the Federal Reserve Bank of New York.
For the nine months ended February 01, 1998 revenue was $27.5 million, up 94% from the $14.2 million for the same period in fiscal 1997. Net earnings for the nine months ended February 01, 1998 were $3.1 million, compared to a loss of $0.5 million for the same period in fiscal 1997. Fully diluted earnings per share for the three quarters of fiscal 1998 ended February 01, 1998 were $0.19 Cdn based on 16.3 million average shares outstanding, compared to a loss of $0.04 Cdn per share in the three quarters of fiscal 1997 ended January 26, 1997 based on 12.1 million average shares outstanding. Fully diluted earnings per share for the first three quarters of fiscal 1998 were $0.14 US translated at the average exchange rate for the three quarters of $0.7151 as reported by the Federal Reserve Bank of New York.
CrossKeys order intake increased in the third quarter compared to the previous quarter, with total orders exceeding shipments, providing an overall book-to-bill ratio greater than one and record backlog again this quarter.[MORE} >>>> |
