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Technology Stocks : Perot Systems (PER)

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To: nolimitz who wrote (438)	5/12/1999 9:32:00 AM
From: Neil H	Read Replies (1) of 542

Wednesday May 12, 8:33 am Eastern Time Company Press Release SOURCE: Perot Systems Corporation Perot Systems Reports a 50% Increase in Earnings Per Share for First Quarter 1999 DALLAS, May 12 /PRNewswire/ -- Perot Systems Corporation (NYSE: PER - news) reported for its first quarter, ended March 31, 1999: -- Earnings per share of $.15 as compared to $.10 per share for the same quarter in 1998, an increase of 50%. -- Net income for the quarter of $16.2 million versus $9.0 million for the same period in prior year, an increase of 80%. -- Revenue for the quarter was reported as $274.4 million, an increase of 28% over revenue of $214.1 million reported in the same period for 1998. -- Operating (EBIT) margins improved 2.0 percentage points over the same period in 1998, reaching an all time high for the corporation of 9.0%. -- Cash balances grew to $225.8 million from $61.6 million as of March 31, 1998, an increase of $164.2 million or 267%. Regards Neil

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