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 : Enghouse Systems - ESL -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (4)	2/28/2001 5:14:33 PM
From: Alex	Respond to of 9

Enghouse Reports Significant Increase In Quarterly Income MARKHAM, ONTARIO--Enghouse Systems Limited (TSE - ESL) today announced its unaudited financial results for the first quarter of fiscal 2001, ended January 31, 2001. First quarter operating income, before interest and income taxes was $3.2 million, up $2.9 million from the $0.3 million reported in the previous year's first quarter. First quarter revenue was $6.2 million, compared to the $9.1 million reported in the same period last year. Net income for the first quarter was $2.3 million ($0.22 per share), compared to $0.5 million ($0.05 per share) in the previous year's first quarter. During the quarter Enghouse generated cash of $2.5 million (or $0.24 per share) from operations, further augmenting its cash position to over $60 million and remains debt free. Stephen J. Sadler, Chairman and Chief Executive Officer, said ``Enghouse continues to focus on acquisitions as the primary means to diversify its product offering and expand its market share to add shareholder value. The Company's patience in executing this strategy is critical to ensure that strategic acquisition targets add accretive value to Enghouse shareholders.'' Enghouse Systems Limited Financial Highlights In millions of CDN dollars, except per share amounts 1st Quarter 2001 2000 Revenue $6.2 $9.1 Net Income before write-down of acquired software $2.3 $1.9 Write-down of acquired software $0.0 $1.4 Net Income $2.3 $0.5 Basic Earnings per Share $0.22 $0.05 Fully Diluted Earnings Per Share $0.20 $0.05 --------------------------------------------------------------------------------