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Gold/Mining/Energy : GEAC.....Canadian best kept secret -- Ignore unavailable to you. Want to Upgrade?

To: Kayaker who wrote (227)	3/10/1998 11:49:00 AM
From: Sans Souci	Read Replies (1) \| Respond to of 1571

They were expected to report March 10th, and I thought it would have been this morning. Perhaps after market close today then? Oh well, at least the stock is going up. A good sign, as is the last-minute analyst earning revision (upgrade) issued late last week.

To: Kayaker who wrote (227)	3/10/1998 8:00:00 PM
From: Sans Souci	Read Replies (1) \| Respond to of 1571

NEWS: (March-10-98) "Geac Achieves Record Results for Q3 Fiscal 1998" MARKHAM, ONTARIO--Geac Computer Corporation Limited continued its strong operating results, achieving record revenues and income in the Third Quarter of Fiscal 1998. Revenue for the quarter was $174.2 million, up 21 percent from the $144.0 million reported in the same quarter of fiscal 1997. Net income totaled $44.8 million ($0.75 per share), compared to a net loss of $108.2 million ($1.85 loss per share) for the same quarter of the prior fiscal year. During the Third Quarter of fiscal 1997, Geac expensed unusual items of $121.4 million. For the first nine months of fiscal 1998, revenue totaled $478.6 million, up 94 percent from the same period of fiscal 1997. Net income for the nine month period reached $115.7 million ($1.95 per share), compared to a net loss of $91.6 million ($1.57 loss per share) for the same period last year. "The third quarter of fiscal 1998 is the first opportunity to make true year over year comparisons since the acquisition of Dun & Bradstreet Software Services. Operating income before unusual items and income taxes rose 241 percent from $15.2 million to $51.8 million. Management is encouraged by the progress made over this period, which is a validation of Geac's ability to acquire and turn around businesses. Geac continues to invest in SmartStream to improve internal growth - which is both a challenge and opportunity", said William G. Nelson, Chairman, President and CEO of Geac. During the quarter, Geac acquired the assets of Princeton Network Systems Inc. of New Jersey, strengthening Geac Network & Technical Services Division's systems integration and help-desk outsourcing capabilities. Cash balances at the end of the quarter amounted to $159 million, well exceeding Geac's long-term debt of $104.1 million. In addition, the corporation has an unused line of credit of approximately $100 million. Geac Computer Corporation Limited delivers and supports total computer solutions, including complete mission-critical client/server applications to various cross-industry and vertical markets worldwide. Geac product and service information is available on the World Wide Web at geac.com, or through Email at info@geac.com. Geac is a publicly traded company with its common shares listed on the Toronto Stock Exchange (Symbol- GAC). /T/ Geac Computer Corporation Limited Financial Highlights In millions of dollars, except per share amounts 3rd Quarter 9 months YTD 1998 1997 1998 1997 Revenues 174.2 144.0 478.6 246.1 Net Income (loss) 44.8 (108.2) 115.7 (91.6) Basic Earnings (loss) per Share 0.75 (1.85) 1.95 (1.57) Fully Diluted Earnings (loss) per Share 0.70 (1.85) 1.81 (1.57) /T/ -30- -------------- NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: GEAC COMPUTER CORPORATION LIMITED TSE SYMBOL: GAC -------------------