M., I'm not sure, but I'd give them another quarter before I'd expect to see the start of large revenue from switches to the NT platform. MSFT's launch of 4.0 was relatively recent. Furthermore, co.'s that make such changes in addressing their networking needs tend to do so slowly, as the $ and the system commitments involved prohibit such decisions from being casual.
For any who have not seen the earnings release in its entirety:
TransNet Corporation Announces Second Quarter and Six Month Results
BRANCHBURG, N.J., Feb. 4 /PRNewswire/ -- Transnet Corp announced its results for the second quarter and six month period ended December 31, 1996.
For the second quarter ended December 31, 1996, the Corporation reported earnings of $339,730, or $0.07 per share, on the quarter's revenues of $19,496,903 as compared to earnings of $289,981 or $0.06 per share on revenues of $17,454,435 in the same period in the prior year.
For the six months ended December 31, 1996, the Corporation reported earnings of $637,011, or $0.12 per share, on the period's revenues of $36,036,011, as compared to earnings of $526,097 or $0.10 per share on revenues of $33,184,402 in the same period in the prior year.
Steven J. Wilk, TransNet president, stated, "We're pleased with our growth in service, support and training activities. For the quarter ended December 3l, 1996, our revenues from these areas increased by approximately 40%. To accomplish these increases, we increased our support staffs accordingly, and we forsee additional staff increases to meet the demand for our services. Also, as we expand our technical support capabilities to include complex network design, help desk services, and software training for large corporations, we plan to pursue alternative cost-effective methods of distributing personal computers and printers to our clients through partnering with a nationwide or global supplier of products with resulting long-term savings to our corporation."
TransNet Corporation is a leading sales and support organization for personal computers, peripherals, and networks, and provides sophisticated system integration and repair/maintenance services and user training. Its clients include Fortune 100 organizations, primarily in the pharmaceutical, oil and gas, finance and communications industries, as well as educational and governmental institutions.
TransNet Corporation and Subsidiary
Consolidated Statement of Operations
For the Three Months ended December 31,
1996 1995
Revenues $ 19,496,903 $ 17,454,435
Net Income $339,730 $289,981
Earnings Per Share $0.07 $ 0.06
For the Six Months ended December 31,
1996 1995
Revenues $ 36,036,011 $ 33,184,402
Net Income $ 637,011 $526,097
Earnings Per Share $ 0.12 $ 0.10
SOURCE TransNet Corporation |
