DOCUCORP INTERNATIONAL Fiscal Quarters Ended October 31, 1998 and 1997
Statements of Operations Data:
(in thousands, except per share data)
(unaudited)
Three Months
Ended October 31,
1998 1997
Revenues
Professional services $ 6,393 $ 6,688
License 2,714 1,576
Maintenance and other recurring 3,103 2,582
Total revenues 12,210 10,846
Expenses
Professional services 4,844 4,842
Product development and support 2,299 1,878
Selling, general and administrative 3,459 2,767
Total expenses 10,602 9,487
Operating income 1,608 1,359
Other income (expense), net 199 (156)
Income before income taxes 1,807 1,203
Provision for Income taxes 788 484
Net income $ 1,019 $ 719
Net income per share:
Basic $ 0.06 $ 0.07
Diluted $ 0.06 $ 0.06
Weighted average shares
outstanding used in the net
income per share calculation:
Basic 16,471 10,760
Diluted 17,955 12,840
(unaudited)
October 31, July 31,
Balance Sheet Data: 1998 1998
(in thousands)
Current assets $ 30,424 $ 28,786
Current liabilities 14,041 12,798
Working capital 16,383 15,988
Total debt 44 87
Stockholders' equity 38,379 38,433
Total assets $ 53,099 $ 51,921
SOURCE DocuCorp International
/CONTACT: Todd Rognes, Sr. VP - Finance, CFO of DocuCorp International,
214-891-6500; or Bill Robertson, Sunwest Communications, 214-373-1601, for
DocuCorp International/
/Web site: docucorp.com |
