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Tuesday March 7, 4:14 pm Eastern Time Comverse Technology Q4 shr rises
WOODBURY, N.Y., March 7 (Reuters) - Financial Highlights (In thousands, except per share data) Operations Data (excluding one-time acquisition charges): Twelve Months Ended Three Months Ended Jan 31, Jan 31, Jan 31, Jan 31, 1999 2000 1999 2000 Sales $696,094 $872,190 $190,102 $240,589 Cost of sales 279,690 329,802 75,160 90,084 Research and development, net 132,820 168,132 36,008 46,441 Selling, general and administrative 151,985 184,080 41,179 50,364 Royalties and license fees 16,552 18,841 4,662 4,771 Income from operations 115,047 171,335 33,093 48,929 Interest and other income, net 8,263 16,519 2,546 6,014 Income before income tax provision 123,310 187,854 35,639 54,943 Income tax provision 11,783 15,739 3,270 4,409 Net income 111,527 172,115 32,369 50,534 Net income per share, diluted 1.55 2.17 0.44 0.60 Net income per share, basic 1.68 2.39 0.48 0.66 Note: The above amounts for the twelve months ended Jan.31, 2000 have been adjusted to eliminate the one-time acquisition- elated charges of $1,854, net of tax, or $0.03 per diluted share Financial Highlights (In thousands, except per share data) Operations Data (including one-time acquisition charges, recognized during the twelve months ended January 31, 2000, of $1,854, net of tax, or $0.03 per diluted share): Twelve Months Ended Three Months Ended Jan 31, Jan 31, Jan 31, Jan 31, 1999 2000 1999 2000 Sales $696,094 $872,190 $190,102 $240,589 Cost of sales 279,690 329,802 75,160 90,084 Research and development, net 132,820 168,132 36,008 46,441 Selling, general and administrative 151,985 184,080 41,179 50,364 Royalties and license fees 16,552 18,841 4,662 4,771 One-time acquisition -related charges -- 2,016 -- -- Income from operations 115,047 169,319 33,093 48,929 Interest and other income, net 8,263 16,519 2,546 6,014 Income before income tax provision 123,310 185,838 35,639 54,943 Income tax provision 11,783 15,577 3,270 4,409 Net income 111,527 170,261 32,369 50,534 Net income per share, diluted 1.55 2.14 0.44 0.60 Net income per share, basic 1.68 2.36 0.48 0.66 |