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Technology Stocks : Keane The leading y2k service provider -- Ignore unavailable to you. Want to Upgrade?

To: Mark T. Heath who wrote (403)	3/6/1998 9:41:00 PM
From: tech	Read Replies (2) \| Respond to of 1316

The Wall Street Journal Names Keane Best 10-Year Performer PR Newswire, Friday, March 06, 1998 at 09:15 Keane Leads More Than 1,000 Corporations on Shareholder Scoreboard BOSTON, March 6 /PRNewswire/ -- Keane, Inc. (AMEX:KEA), leading software services and outsourcing firm, was named by The Wall Street Journal on February 26, 1998 as the Best 10-Year Performer stock on their Shareholder Scoreboard. Among the 1,000 corporations listed on the Shareholder Scoreboard, Keane was chosen as Best 10-Year Performer based on an average compound total return of 65.8 percent a year during the past 10 years. An investor who put $1,000 into Keane at the end of 1987 would have seen its value grow to nearly $157,000 at the end of 1997. In addition, Newsweek Magazine and the Boston Herald have also recognized Keane's outstanding performance in recent publications. "Keane's strategy of leveraging world-class methodologies, project management disciplines and meaningful performance metrics to help our clients achieve dramatic IT productivity and process improvements is working," said John F. Keane, company CEO. "The demand for Keane's software services has never been stronger, and our client successes have enabled us to grow continually over the last 10 years." The spectacular performance of Keane stock can be attributed to the company's phenomenal growth in the last several years due in part to Keane's year 2000 and application management outsourcing businesses. Revenues for 1997 were $654 million, up 40 percent from 1996, and net income for 1997 was $46 million, up 81 percent from a year ago. Keane, Inc. is a $650 million application development, outsourcing and integration services firm headquartered in Boston, Massachusetts. Keane helps Fortune 1000 corporations, government agencies and healthcare institutions achieve their business objectives by developing, maintaining and applying information technology. Keane's services, delivered through a North American network of 40 branch offices, include application development, application management outsourcing, year 2000 compliance, and help desk outsourcing. Information about the company is available via the Internet's World Wide Web at keane.com. This release contains a number of forward-looking statements concerning the company's current expectations as to future growth. Actual results may differ materially depending on the various factors set forth under the caption "Certain Factors That May Affect Future Results" in the company's annual report or Form 10-K for the year ended December 31, 1996, which important factors are incorporated herein by reference. Such factors include business conditions, the successful completion of software development or management projects, the availability of professional staff and various other factors which involve risk and uncertainty.