SAN JOSE, Calif., April 27 /PRNewswire/ -- SDL, Inc. (NASDAQ:SDLI) today
announced quarterly revenue and earnings for the quarter ended March 31, 1998.
For the first quarter ended March 31, 1998, SDL reported record revenues
of $25.4 million compared to revenues of $21.0 million in the first quarter of
1997 and $24.8 million in the fourth quarter of 1997. This represents a 21%
increase in revenues over first quarter 1997 and a 2% increase over fourth
quarter of 1997. First quarter 1998 net income was a record $2.7 million or
$0.19 per share on a diluted basis which represents a 432% increase compared
to a net income of $0.5 million or $0.04 per share on a diluted basis for the
first quarter of 1997 and a 47% increase over net income of $1.8 million or
$0.13 per share on a diluted basis for the fourth quarter of 1997. Net income
for the fourth quarter included a one-time charge of $753,000 related to an
acquisition. Diluted earnings per share for the first quarter of 1998 were
computed on 14.5 million shares, compared to 14.3 million shares for the first
quarter of 1997 and 14.4 million shares in the fourth quarter of 1997.
Commenting on the quarter's operating results, Donald R. Scifres, SDL's
chairman and chief executive officer said, "We are quite pleased with our
financial results, our manufacturing progress and especially the growth in our
fiber optic telecommunications product revenues. A particular highlight was
the introduction of a large number of advanced new products which we believe
represent the most significant product introductions for SDL over the past
several years. We anticipate these products will positively impact our
revenues in the second half of 1998." |
