Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Nuvo Network Management NNM:Alberta -- Ignore unavailable to you. Want to Upgrade?

To: Gerry Belanger Jr. who wrote (552)	5/5/2000 8:53:00 PM
From: caveat	Read Replies (1) \| Respond to of 587

Second quarter results globeinvestor.com OTTAWA, May 5 /CNW/ - Nuvo Network Management Inc. (CDNX:NNM), a leading remote network management services provider, is pleased to announce its results for the second quarter of fiscal 2000 ended March 31, 2000. Revenues for the quarter ended March 31, 2000 were a record $2,178,349, representing a 56% increase over the same period of fiscal 1999 and a 24% increase over the first quarter of fiscal 2000. Nuvo has now achieved ten sequential quarters of revenue growth since the business was refocused to network management services in 1997. Recurring revenues represented 73% of sales, up from 68% in the same period of fiscal 1999. Consistent with management's expectations, Nuvo experienced a net loss of $247,654 or ($0.003) per share in the second quarter of fiscal 2000, compared with a profit of $129,730 in the same period of fiscal 1999, as the Company continues to build the required corporate platform to support rapid growth.