Earnings estimate for qtr ending 6/98 is .04. Scott said earnings will be released sometime in September. Its helpful to go back over some press releases from the prior qtrly earnings. Check out the following statement by JJ.
John Jenkins, CEO stated, ''Though we recorded over $3,500,000 of Y2K related revenue in this
quarter, most of our client's roll-out of full Y2K programs did not occur as early in the quarter as we
had expected. Specifically, our staff additions were heavily loaded in late February and March. Even
so, total revenue was up sharply over the quarter ending December 31, 1997. Our top line showed
an increase of almost $1,200,000 or 10%. Further, the material and subcontract resale content of
our total revenue line decreased by more than $1,100,000 from the prior quarter. When combined,
these two elements put quarter to quarter growth in service and software revenue at more than
$2,300,000 or 20%. We expect our service and software revenue to continue to grow as we face
sharply accelerating demand.''
Jenkins added, ''Our improved gross margin was driven by increased Y2K service and software
content, and the lower material and subcontract content. We expect that gross margins will continue
to increase as software sales grow in revenue contribution and our Y2k billing rates have greater
effect on total mix.'' |
