GRC Q1 EPS doubles, $0.30 vs $0.15
VIENNA, Va., Oct 19 (Reuters) -
GRC INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF INCOME
(In Thousands, Except Per Share Data)
(UNAUDITED)
THREE MONTHS ENDED
SEPTEMBER 30,
1998 1997
Revenues $36,756 $27,165
Cost of services 30,964 22,160
Indirect costs, other 3,675 3,595
Operating income 2,117 1,410
Interest expense (LOSS) (352) (528)
Income from continuing
operations 3,030 1,136
Net Income 3,084 1,426
Per shr basic:
Continuing operations 0.29 0.12
Discontinued operations 0.01 0.03
Net income 0.30 0.15
Number of shares used
in EPS calculation 10,214 9,632
Per shr diluted:
Continuing operations 0.29 0.12
Discontinued operations 0.01 0.03
Net income 0.30 0.15
Number of shares used
in EPS calculation 10,386 9,792
NOTE: The company attributed increased earnings to
revenues received for commercial software developed for Lucent
Technologies' digital cross-connect switches.
GRC said first quarter net income included a $1.3 million
tax benefit compared to a benefit of $254,000 and a gain from
discontinued operations of $290,000 in the first quarter of
1997.
Full name of company is GRC International Inc. |
