To: Scrapps who wrote (1612 ) 6/23/1999 11:12:00 AM From: Mel Spivak Read Replies (2) | Respond to of 1682
Another nice $1.2M order: PERI past 14.5! Periphonics Receives $1.2 Million Order From a Major North American Brokerage and Banking Firm Systems Will Increase Capacity for Large Vocabulary Recognition -LVR- Applications BOHEMIA, N.Y.--(BUSINESS WIRE)--June 23, 1999--Periphonics Corporation (NASDAQ: PERI - news), a leading worldwide provider of products and services for call processing solutions used in Computer Telephony Integration and Telecom Enhanced Network Services, today announced that it has received an order for approximately $1.2 million for its VPS/is Platform systems from a leading North American financial services firm. The systems will be deployed in several North American cities to expand existing capacity for the firm's large vocabulary recognition (LVR) applications used by its brokerage customers. Based on the terms of the orders, Periphonics expects to recognize the majority of the revenues during its current fiscal first quarter. Peter Cohen, Periphonics Chairman and CEO, said, ''As we stated in our release of preliminary results earlier this month, we entered our fiscal first quarter with excellent visibility regarding revenues in the current quarter and significantly improved visibility for the second quarter as well. This is a result of a significantly increased backlog and a strong pipeline of business opportunities. We continue to see a healthy rate of order bookings and our outlook for revenue and earnings growth for fiscal 2000 is very positive.'' Periphonics Corporation is a global leader in the development, marketing and support of products and professional services for Computer Telephony Integration (CTI) and Telecom Enhanced Network Services. The Company's products and services utilize such technologies as interactive voice response (IVR), advanced speech processing with large vocabulary recognition, natural language processing and text-to-speech, as well as interactive processing via Web browsers, messaging, and fax. Periphonics also provides comprehensive professional services including project management, software application development, call center integration and script and grammar development. The Company's products and professional services help its customers enhance their customer service offerings, increase caller satisfaction, reduce operating costs and often create new revenue opportunities by automating call and transaction processing. Periphonics is an ISO 9001/TickIT registered company with systems installed in more than 50 countries. For further information, visit our site on the World Wide Web at peri.com .