Can you say BLOWOUT!!!!!!!!!!!!!!!!!!!!!!!
$0.62 vs expectations of $0.56
Only possible problem could be light revenue
-------------------------------------------------------------
Comverse Technology Announces Record Third
Quarter Results: Earnings Per Share -Diluted- Of
$0.62 Vs. $0.39
Sales Up 27%, Net Income Up 60% To Record Levels
WOODBURY, N.Y.--(BUSINESS WIRE)--Dec. 1, 1998--Comverse Technology, Inc. (NASDAQ:CMVT - news)
announced for the third quarter of fiscal year 1998, ended October 31, 1998, record net income after taxes of $29,121,000
($0.62 per diluted and $0.66 per basic share), an increase of 60% over the third quarter of fiscal 1997.
The Company also posted record sales of $178,107,000 for the third quarter of fiscal 1998, an increase of 27% over the
third quarter of fiscal 1997.
Kobi Alexander, Chairman, President and CEO of Comverse, stated, ''The increase in third quarter sales reflects continued
strong demand for Comverse's products. More than 270 wireless and wireline telecommunications network operators around
the world have selected Comverse Network Systems Division's enhanced services platforms, which enable the provision of
call answering, prepaid wireless services, voice/fax/text messaging and other revenue-generating enhanced services. In
addition, sales of our Comverse Information Systems Division's multimedia recording and monitoring systems continue to
benefit from a major global market transition, in which users such as call centers and law enforcement and intelligence agencies
replace outdated analog systems with digital technology.'' |
