AXNT Announces Record Second Quarter Results; BOBJY (called this morning) beats estimates; PCLE beats estimates; SNC and ASDV all reported after the close today and all beat estimates.. (all of these were in the 'earnings plays' newsletter) So I wouldn't despair there are still stocks doing fine.. ASDV was on a nice uptrend for a while now. USWB.. just beat estimates.. it was on the general watch list.. and some of you were bullish on that one as well.
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ROCKVILLE, Md.--(BUSINESS WIRE)--July 21, 1998-- AXENT Technologies, Inc. (NASDAQ:AXNT - news), The SOURCE for Enterprise Security(TM), today reported record quarterly revenues of $22,540,000 for the three months ended June 30, 1998, an increase of 42% over revenues of $15,910,000 for the same three-month period of 1997. Excluding non-recurring items, income from continuing operations for the three months ended June 30, 1998 increased by 64% to $4,158,000, or $0.16 per share, compared to income from continuing operations of $2,534,000, or $0.10 per share, for the same period of 1997.
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Business Objects Reports Record Q2 1998 Results;
Revenues Up 50 Percent Over Prior Year
Business Wire - July 21, 1998 16:32
SAN JOSE, Calif.--(BUSINESS WIRE)--July 21, 1998--Business Objects
(NASDAQ:BOBJY) today announced its results for the quarter and six months ended June 30,
1998.
Second quarter revenues were $39.6 million, an increase of 50 percent compared to revenues of $26.3 million for the quarter ended June 30, 1997. Net income was $2.0 million, compared to $23,000 for the same period last year. Diluted net income per share and per ADS for the quarter ended June 30, 1998 were $0.11, compared to breakeven in the second quarter of last year.
"Our results and growth rate of 50% in the second quarter of 1998 over the prior year confirm the Company's strong momentum in the worldwide marketplace, and the continuing demand for our
decision support software," said Bernard Liautaud, president and chief executive officer of Business Objects. "In the second quarter, license growth was 40 percent, and growth in services
was 74 percent over the prior year. The Americas led all regions with a 55 percent growth rate
over last year, reflecting increased domestic strength. We had solid contribution from our indirect
channels, which contributed 41 percent of total revenues."
Liautaud continued, "We also had good execution in sales productivity and profitability. Operating
expenses as a percent of revenues dropped from 79 percent in the first quarter of 1998 to 76
percent in the second quarter of 1998. Income from operations increased to 8 percent in the
second quarter, compared to 6 percent in the first quarter of 1998."
Business Objects expanded its customer base in the second quarter, adding 90,000 new licenses
for a total of 870,000 worldwide. Over 13,000 of the new licenses sold were with
WebIntelligence 1.0. Major customers included United States Postal Service, Telecom Italia,
National Semiconductor, Belgacom Mobile, Europay, and Reuters.
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Snyder Communications Reports Record Second Quarter
Results; Revenue and EPS Exceed Analysts Expectations
Business Wire - July 21, 1998 16:25
BETHESDA, Md.--(BUSINESS WIRE)--July 21, 1998--Snyder Communications, Inc. (NYSE:
SNC) today announced record revenues, operating profits and earnings per share for the quarter
ended June 30, 1998, exceeding analyst expectations in each respect.
Net income for the quarter ended June 30, 1998 grew 78% to $15.3 million, compared to $8.6 million for the same quarter of 1997, excluding non-recurring costs in 1997. Earnings per share
(diluted) for the second quarter of 1998 increased 60% to $0.24, from $0.15 for the second quarter of 1997, excluding non-recurring costs in 1997. Revenue for the second quarter of 1998 increased
30% to a record $168 million, compared with $129 million for the same quarter of 1997. The Company's 1997 second quarter and six month results are presented on a pro forma basis to reflect
the pooling of interests transactions the Company completed in 1997 and 1998. |
