Results of stocks to watch: SCAI +5 7/8, MMC +2 9/16, SNC -5/8, SSNC +3/8 (this one had its earnings report posted below)
SNC.. Opened at 29 1/8 had intraday range of: 28 - 32
Message 9071296
SS&C Reports 55% Increase in Revenues and 129% Increase in Net Income for First Quarter '99
WINDSOR, Conn.--(BUSINESS WIRE)--April 22, 1999--SS&C Technologies, Inc. (NASDAQ:SSNC - news) today announced revenues and earnings for the quarter ended March 31, 1999. First quarter 1999 total and license revenues were $19.5 million and $8.0 million, respectively, as compared to $12.6 million and $5.9 million in the first quarter of 1998, representing increases of 55% and 35%, respectively. First quarter 1999 net income was $1.5 million, or $0.09 diluted earnings per share, as compared to a loss of $2.9 million, or $0.20 diluted loss per share, for Q1'98. The Q1'98 earnings include a restated IPR&D write-off of $5.4 million. If the Q1'98 earnings were adjusted to exclude this write-off, the Q1'99 earnings would show an increase of $0.8 million, or 129%. |
