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Non-Tech : EARNINGS REPORTING - surprises, misses & more -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (750)	10/12/2001 2:18:09 AM
From: 2MAR$	Read Replies (3) \| Respond to of 762

JNPR ( 15.50-->$21.50 zoom zoom)PE 70 Beats Street; Stock Jumps By Peter Henderson SAN FRANCISCO (Reuters) - Juniper Networks Inc. (Nasdaq:JNPR - news) on Thursday reported that third-quarter results were steady on three months earlier, surprising Wall Street and encouraging analysts that the worst might be behind the sector whose equipment is at the heart of the Internet. Excluding one-time charges, the relatively tiny competitor to Cisco Systems Inc.(Nasdaq:CSCO - news) posted a profit of $32.5 million, or 10 cents per share. That was a drop of 46 percent from the year-ago quarter, when Sunnyvale, California-based Juniper earned $60.3 million, or 17 cents per share. Revenues for the quarter were $201.7 million compared with $201.2 million a year ago. The results were about the same as three months earlier, when Juniper reported earnings per share of 9 cents on sales of $202.2 million, and the company forecast fourth quarter results would mirror the third. Shares jumped in after hours trade to $21.72 on Instinet from a close of $16.64 on the Nasdaq, where the stock had already gained 11 percent for the day. AVOIDED FALLING OFF CLIFF ``It seems like a very solid quarter in an environment where a month ago everybody thought these guys were falling off a cliff,'' said SoundView Technology analyst Ilya Grozovsky. ``Nobody else will be flat sequentially,'' said Robertson Stephens network equipment analyst Paul Johnson, who initially had expected the Sept. 11 hijacking attacks to disrupt business and credited Juniper's management's focus for the results. Juniper said the attacks had not hurt business, and Johnson was positive for the entire sector. ``I think the stocks are going to do better, because everyone is going to realize it is not a disaster, and maybe the worst is behind us. But Juniper is probably the best managed business out there.'' Most analysts polled by research firm Thomson Financial/First Call predicted the company would post third-quarter earnings in a range of 5 cents to 9 cents per share. The consensus view was for earnings of 7 cents per share on revenue of $187.92 million. Juniper reported a slew of extraordinary charges, including a charge to contract manufacturers of $39.9 million, resulting in an overall net loss of $29.7 million or 9 cents per share for the quarter, compared with net income of $58.1 million or 17 cents per share in the third quarter of 2000. The company also announced a two-year stock buyback program worth up to $200 million. ``We are large enough to weather storm, and yet we are agile enough to navigate around the worst of it,'' Chairman and Chief Executive Scott Kriens said in a conference call. In a telephone interview he said that network builders had to innovate and that demand for infrastructure products would be less depressed than other areas. ``We are in a technology driven market,'' he said. ``We don't think this should be interpreted as a generally rising tide,'' he added, comparing the environment to the go-go days about a year ago. ``I think there are still going to be winners and losers.'' Chief Financial Officer Marcel Gani said the future was still cloudy but forecast fourth quarter sales flat on those in the third and pro forma earnings per share of 10 cents. Next year sales would be $900 million to $1 billion and earnings per share 40-45 cents, he said. Juniper stock has underperformed bigger rival Cisco Systems Inc. (CSCO.O) by about 70 percent this year, although both are down by more than half. Both also have perked up since Oct. 4, when Cisco reaffirmed the company's outlook for the fiscal quarter ending Oct. 31. Networking companies were hard hit after major customers such as telecommunications firms found themselves with more capacity than needed, helping to propel the economy into the current slowdown.

To: 2MAR$ who wrote (750)	11/21/2001 10:29:09 AM
From: long-gone	Respond to of 762

DOCC siliconinvestor.com All Headlines Docucorp International Announces First Quarter Results Company Reports 50% Increase in Earnings and 16% Revenue Growth DALLAS, Nov 20, 2001 (BUSINESS WIRE) -- Docucorp(R) International (Nasdaq: DOCC chart, msgs), a leading provider of enterprise information solutions, today announced strong earnings of $1.24 million, or $0.09 per diluted share, for its first quarter of fiscal year 2002. This represents a substantial increase over prior year net loss of $0.01 per diluted share and prior year income before cumulative effect of accounting change of $0.05 per diluted share. Revenues of $17.2 million for the quarter represent an increase of 16 percent from revenues of $14.8 million in the first quarter of the prior year. The Company adopted Statement of Financial Accounting Standards No. 142, "Goodwill and Intangible Assets," in the first quarter of fiscal 2002, which discontinues amortization of goodwill and indefinite lived assets. Reflecting this change on a pro forma basis for the first quarter of the prior year, net income and diluted net income per share before cumulative effect of accounting change, for the quarter ended Oct. 31, 2000, would have been $1.05 million and $0.07 per share, respectively. "We are extremely pleased to follow the record revenues and strong earnings of fiscal 2001 with exceptional earnings for our first quarter of 2002," said Michael D. Andereck, Docucorp president and chief executive officer. "Despite an overall soft economy and the impact of the September 11 tragedy on our business, we generated revenues at near record levels and continued to improve our overall profitability. I am extremely pleased with this very strong start to our new fiscal year." During the quarter, Docucorp's UK office, serving Europe, the Middle East and Africa (EMEA), signed two significant software license agreements, including one in the financial services sector, and continues to expand its client base. In the U.S., the company entered into a number of new software licenses and application service provider (ASP) hosting relationships in both the insurance and utility markets. "This past quarter presented challenges no one could have anticipated, yet we prevailed," Andereck said. "Our ability to meet or exceed expectations is a testament to our strategy, our management team and our employees. We remain focused and poised to aggressively pursue new market opportunities with our superior solution offerings and exceptional personnel." About Docucorp Docucorp is the authority in providing dynamic solutions for acquiring, managing, personalizing and presenting enterprise information. Servicing the entire enterprise information lifecycle, Docucorp's information software, ASP hosting and professional consulting services enable companies to implement solutions in-house or fully outsource to Docucorp. The company has an installed base of more than 1,200 customers, including many of the largest insurance, utility and financial services organizations. Headquartered in Dallas, Docucorp has major facilities in Atlanta and Silver Spring, MD. The company also maintains offices in London, Portland, ME, and Bedford, NH. Certain information contained in this news release may include "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than historical facts, included herein are forward-looking statements. These statements involve risks and uncertainties, such as competition, technological developments, loss of significant customers and the other factors discussed in the Company's periodic reports filed with the Securities and Exchange Commission, that could cause the Company's actual results to differ materially from those expressed or implied by these forward-looking statements. Docucorp is a registered trademark of Docucorp International. Consolidated Statements of Operations and Balance Sheet data follow. (c) 2001 Docucorp International. All Rights Reserved. Company, organization and product names mentioned herein are trademarks or registered trademarks of their respective owners. Docucorp and its symbol are trademarks of Docucorp International. DOCUCORP INTERNATIONAL Fiscal Quarters Ended October 31, 2001, and 2000 Statements of Operations Data: Three Months Ended October 31, ------------------------ 2001 2000 ----------- ----------- (in thousands except per share amounts) (unaudited) Revenues ASP hosting $ 4,550 $ 3,064 Professional services 5,306 4,696 License 2,652 3,044 Maintenance and other recurring 4,642 3,996 ----------- ----------- Total revenues 17,150 14,800 ----------- ----------- Expenses ASP hosting 3,953 3,024 Professional services 4,284 3,819 Product development and support 2,712 2,660 Selling, general and administrative 4,304 3,870 ----------- ----------- Total expenses 15,253 13,373 ----------- ----------- Operating income 1,897 1,427 Other income, net 128 42 ----------- ----------- Income before income taxes and cumulative effect of accounting change 2,025 1,469 Provision for income taxes 784 643 ----------- ----------- Income before cumulative effect of accounting change 1,241 826 Cumulative effect of accounting change, net of tax -- (990) ----------- ----------- Net income (loss) $ 1,241 $ (164) =========== =========== Weighted average basic shares outstanding 13,624 14,960 =========== =========== Basic net income per share: Income before cumulative effect of accounting change $ 0.09 $ 0.06 Cumulative effect of accounting change -- (0.07) ----------- ----------- Basic net income (loss) per share $ 0.09 $ (0.01) =========== =========== Weighted average diluted shares outstanding 14,377 15,807 =========== =========== Diluted net income per share: Income before cumulative effect of accounting change $ 0.09 $ 0.05 Cumulative effect of accounting change -- (0.06) ----------- ----------- Diluted net income (loss) per share $ 0.09 $ (0.01) =========== =========== Balance Sheet Data: October 31, July 31, ----------- ----------- 2001 2001 ----------- ----------- (in thousands) (unaudited) Current assets $ 31,467 $ 30,556 Current liabilities 20,467 19,265 Working capital 11,000 11,291 Stockholders' equity 31,184 31,067 Total assets $ 53,028 $ 51,784 Contact: Docucorp International John H. Gray, 214/891-6450 jgray@docucorp.com