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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (70719)	11/10/1999 5:10:00 PM
From: Jenna	Respond to of 120523

CYSV.. great report what a play another great earnings play: LUMT expected $0.02 but it was $0.04.. another winner. Cysive(TM) Achieves Record Revenue Growth On High Demand for Services and Strong Repeat Business Delivers $0.06 Earnings per Share and a 182% Increase in Revenues RESTON, Va., Nov. 10 /PRNewswire/ -- Cysive, Inc. (Nasdaq: CYSV - news), premier builders of e-business architectures, today announced results for the third quarter and nine months ended September 30, 1999. For the third quarter of 1999, revenue totaled $7.3 million, a 182% increase from the same period a year ago. In the third quarter, revenue increased 39% over $5.2 million for the second quarter of 1999. Operating income for the third quarter of 1999 was $862,000, representing an operating margin of 12%. This figure is compared to operating income of $374,000 for the third quarter a year ago and operating income of $1.2 million (excluding a $13.3 million non-cash stock compensation charge) for the second quarter of 1999. Pre-tax net income for the quarter was $873,000 or $0.06 per diluted share. This is compared to pre-tax net income of $381,000 for the third quarter a year ago, or $0.05 per diluted share, and pre-tax net income of $1.2 million, or $0.10 per diluted share for the second quarter of 1999 (excluding the stock compensation charge). ''Cysive has emerged as a trusted brand for building reliable, scalable e- business systems, which is reflected in our growth this quarter,'' commented Nelson A. Carbonell, President and Chief Executive Officer. ''In particular, 71% of our revenues were generated from repeat business. Our clients recognize the value of Cysive's highly complex technology solutions and have built long-term relationships with us to help them stay out in front of the pack.'' ''Our ability to attract and retain the most experienced professionals in the field has been instrumental to our development. This quarter, our number of billable software engineers increased to 79, an increase of 36% over the second quarter of this year, and voluntary turnover remained among the lowest in the industry -- zero for the third quarter. This has resulted in reduced costs, increased efficiencies and the highest quality on each project,'' Carbonell added. ''As premier builders of e-business architectures, we remain focused on delivering the highest quality product to existing and new customers as demand grows. Looking forward, we are dedicated to the execution of our stated strategies of building the Cysive brand, enhancing our geographic presence, and continuing the development and deployment of advanced Internet solutions for business leaders,'' Carbonell concluded. For the nine months ended September 30, 1999, the Company recorded revenue of $16.7 million compared to $5.8 million for the first nine months in the previous year. Operating income for the nine months ended September 30, 1999 was $2.7 million (excluding the stock compensation charge) compared to an operating income of $77,000 in the previous year. Net income during the nine month period was $2.7 million, or $0.22 per diluted share (excluding the stock compensation charge). This is compared to a net income in the first nine months of 1998 of $100,000 or $0.01 per diluted share.