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Technology Stocks : MAPINFO: Any Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Elvis Jones who wrote (204)	1/18/2000 11:18:00 AM
From: Luce Wildebeest	Read Replies (1) \| Respond to of 225

- Looking good folks! Niv MapInfo Corporation (Nasdaq:MAPS) today announced financial results for the three months ended December 31, 1999. Revenues for the first quarter of fiscal 2000 increased 30% to $21,019,000 from $16,145,000 for the first quarter last year. Operating income increased 116% to $1,317,000 from $610,000 in the same period a year ago. Net income for the first quarter was $1,002,000, or $0.11 per share (post split), versus $608,000, or $0.07 per share (post split), in the prior year period. "Our performance this quarter marks a great start to fiscal 2000 and builds on the Company' s momentum," said John Cavalier, president and CEO. "Our ongoing success is grounded in MapInfo' s unique value proposition: delivering location-based business intelligence that helps our customers acquire, retain and maximize their customer relationships. For this reason, we are gaining recognition in the marketplace as a provider of Customer Relationship Management (CRM) solutions." "This is clearly evident in the number of orders in our target markets for CRM solutions, a significant part of our business this quarter and represents well over half of our revenues. The telecommunications industry remains MapInfo's principal sector accounting for the majority of our CRM-based revenues this quarter. At the same time, we are seeing growing interest in CRM solutions from new customers in retail and financial services." Cavalier concluded, "Based on our strong performance this quarter, we are on track to achieve our financial objectives for fiscal 2000. We intend to accomplish this by broadening our presence in the CRM solutions marketplace across all our target industries. We also intend to set the stage for future growth from new initiatives such as online application services and new entries in the Wireless Internet Market."