To: Chris Vu who wrote (2195 ) 4/29/1998 8:13:00 PM From: blankmind Respond to of 7150
Internet Security Systems, Inc. Reports Record First Quarter Results Wednesday April 29, 4:27 pm Eastern Time Company Press Release ATLANTA--(BUSINESS WIRE)--April 29, 1998--ISS Group, Inc., parent company of Internet Security Systems, Inc. (NASDAQ: ISSX - news), today announced revenues of $6,073,000 for the first quarter ended March 31, 1998, a 173% increase over $2,225,000 for the corresponding period in 1997. The Company continued to increase expenses in line with its strategy to enhance its technological leadership and expand its domestic sales channels and international operations. As a result, ISS recorded a net loss of $1,639,000 or $.19 per share ($.12 per share on a pro-forma basis) for the quarter ended March 31, 1998. ''We are pleased with our first quarter results,'' said Tom Noonan, president and CEO. ''During the quarter, ISS's leadership and momentum enabled more customers to implement end-to-end adaptive security management solutions. At the same time, the industry recognized and validated ISS's unmatched position in the market as an independent, objective provider of security vulnerability and intrusion detection software. As a focused leader, ISS continued to provide unique value to its customers, enabling them to proactively protect their information systems in heterogeneous networked environments.'' Highlights of the first quarter include: Continued Technology Leadership - ISS delivered to the marketplace new, enhanced versions of its award-winning SAFEsuite(TM) line of adaptive security management software, Internet Scanner(TM), RealSecure(TM) and System Security Scanner(TM). In addition, ISS furthered its commitment to an open security management strategy that further enables self-correcting of network vulnerabilities through the ability to automatically reconfigure network devices such as Check Point's (NASDAQ: CHKPF - news) FireWall-1 and Cisco Systems' (NASDAQ: CSCO - news) routers. for full storybiz.yahoo.com