Dale,
ACEC reported .07/share estimate was .06 I can't remember if anybody owns ACEC.
ACE*COMM Corporation Announces Second Quarter Revenue and Profits And Record Results for the First Six Months of its Fiscal 2000
January 26, 2000 04:44 PM
GAITHERSBURG, Md., Jan. 26 /PRNewswire/ -- ACE*COMM Corporation ACEC today announced results for the second quarter of fiscal 2000, ended December 31, 1999. Revenues were $8.0 million for the second quarter, compared to $7.5 million in the comparable period of fiscal 1999, a gain of 7% over the 1999 fiscal quarter. Net income and income per fully diluted share for the quarter were $672,000 and $.07 per share respectively, compared to $78,000 and $.01 per share for the second quarter of fiscal 1999. Gains in net income were due to wider gross profit margins from a changing business mix and favorable changes in year-to-year credit experience, offset somewhat by higher operating costs and increases in R&D spending.
For the first six months of fiscal 2000, the company reported record revenue of $16.2 million, an increase of 13% over the $14.3 million recorded for the first six months of fiscal 1999. Net income was a record $1,214,000 compared to $167,000 for the comparable first six months of fiscal 1999, an increase of 627%. Fully diluted earnings per share increased to $.13 for the first six months of fiscal 2000, compared to $.02 in fiscal 1999.
"In spite of some customers avoiding outside expenditures during this last quarter and spending their resources on year 2000 related issues, ACE*COMM was able to grow sales on a year-to-year basis, increase profits and margins, continue the process of expanding capital availability and building a strong balance sheet," according to James Eckler, Executive Vice President for Finance and Administration. "ACE*COMM continues to build a strong base of knowledge and talent to support its growth by selling into both its traditional telecommunications markets, and by building measurement and operations support products for new markets such as the Wireless Internet market and electronic commerce," he added.
George Jimenez, ACE*COMM's Chairman and Chief Executive Officer, commented, "ACE*COMM is increasingly positioned in the forefront of new infrastructure initiatives being undertaken by our customers, including usage measurement and network support systems that provide data flow throughout their organizations to systems that are designed to use the data. During this quarter, for example, we announced new initiatives with IBM and General Dynamics in the enterprise market; early success with a new product in the Wireless Internet market and expansion of our presence in both Canada and China. We also initiated new carrier projects with Southern Link and Bell Canada. Positioning, we believe, is critical to our success in those markets."
Except for historical information, the matters discussed in this news release include forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, including, but not limited to: Delays or cancellations of orders due to various factors, including business and economic conditions in the U.S. and foreign countries; industry-wide slowdowns, customer purchasing and budgetary patterns or lack thereof; pricing pressures and the impact of competitive products; the timely development and acceptance of new products; manufacturing efficiencies and other risks detailed from time to time in the Company's reports filed with the Securities Exchange Commission.
About ACE*COMM:
ACE*COMM delivers product based solutions for Telecommunications and Internet services providers worldwide. The Company develops technology, including equipment and applications software, and provides related services for voice, conventional data networks and Internet protocol (IP) based networks. ACE*COMM specializes in products and services that enable the capture, management, enhancement and distribution of network data used to support carrier business operations. These Operations Support Systems (OSS) are provided by the Company to a broad range of customers, carrying both public and private communications traffic, and include wireless carriers, incumbent and competitive local exchange carriers, national and international long distance carriers, internet services providers and enterprises. ACE*COMM's products are installed in over 2,000 customer sites and perform or support such mission critical functions as billing data collection, data mediation, billing, customer management, network performance monitoring, alarm processing and network traffic surveillance. The Company's systems are deployed in networks for some of the largest carriers and enterprises in over 55 countries. To provide this range of capabilities, the Company employs the latest in scaleable client server systems, data warehousing, data mining and real-time data delivery technology in its solutions for carriers and enterprises, worldwide. ACE*COMM is a registered ISO 9001 quality standard company. For more information, visit ACE*COMM on the internet at www.acecomm.com.
Here's a good post from the ACEC thread.
Message 12693405
Sincerely,
Aegis
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