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Technology Stocks : Genesys Telecommunications (GCTI) -- Ignore unavailable to you. Want to Upgrade?

To: Jay Nitschke who wrote (142)	10/15/1998 5:33:00 PM
From: Fortney Veeble	Read Replies (1) \| Respond to of 220

GCTI earnings (15¢) beat consensus (12¢). Now, can anyone explain to me why this stock fell so far, so fast? nt.excite.com Last Updated 4:25 PM ET October 15, 1998 Genesys Telecommunications Laboratories, Inc. Reports Revenues Up 79% and Earnings Up 174% in First Fiscal Quarter of 1999 SAN FRANCISCO (BUSINESS WIRE) - Genesys Telecommunications Laboratories, Inc. (NASDAQ:GCTI) today reported revenues of $29.0 million for the fiscal first quarter ended September 30, 1998, an increase of 79% compared to revenues of $16.2 million for the same period of the prior fiscal year. The Company reported net income of $3.8 million, or $0.15 per share, for the quarter, a 174% increase over net income of $1.4 million, or $0.05 per share, for the same period of the prior fiscal year. Commenting on results, Michael McCloskey, President of Genesys, said: "We are extremely pleased with the results of our first fiscal quarter of 1999. The strong market response from our customers globally is evidence of the continuing worldwide adoption of the Genesys solution for managing real-time customer interactions throughout the enterprise. Our continued global expansion and market penetration is providing Genesys with a broad and diversified revenue stream. During the quarter, Genesys recognized license revenue from 91 companies, representing 26 countries, and covering a wide range of applications and business sectors. McCloskey continued: "Notwithstanding the significant investments we continue to make in both engineering and sales and marketing, operating margins continue to expand and increased to 19%. The improvement in operating margins is primarily a result of our strategy to expand our distribution model and utilize channel partners. Our channels have experienced significant acceleration over the last several quarters, and have been instrumental in expanding our footprint with global companies throughout the world. McCloskey added: "In addition to our strong financial performance, we made significant progress during the quarter in strengthening our management team and continuing our global expansion activities. Key additions to our executive management team included the appointment of Joe Ruck as Vice President, Field Marketing (Network Appliance, Sun), Carr Biggerstaff as Chief Information Officer (Intel), George Geros as Vice President, Customer Satisfaction (Pacific Bell), and Michael Sheridan as Vice President, Finance (Network Appliance, Arthur Andersen). "In response to worldwide demand for our products, we also expanded our operations to Germany, Sweden, Spain, Italy, South Africa, South Korea, Singapore and Taiwan. These investments are part of our strategy to expand our direct and indirect sales capability in all key markets around the world." (see URL for more)