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Technology Stocks : CBSI-complete bus. solutions. new y2k play! -- Ignore unavailable to you. Want to Upgrade?


To: Mohan Marette who wrote (442)11/6/1998 7:14:00 PM
From: Ron Kline  Read Replies (1) | Respond to of 506
 
30 seems an easy slam dunk at this point... I added to my position..
Old but good news....

Complete Business sees strong EPS growth
FARMINGTON HILLS, Mich., Nov 3 (Reuters) - Complete Business Solutions Inc. Tuesday predicted its profits per share will grow by 35 to 45 percent in 1999 and its revenues will increase by 30 to 40 percent.

The provider of information technology also reported pro forma earnings of $0.24 per share in the third quarter compared to $0.11 a year earlier.

The First Call consensus forecast had predicted $0.21 per share in the third quarter and predicts per share earnings of $1.08 in 1999.

''Thus far this quarter our new business flow has been unabated and we have seen no slacking in demand for our broad range of services,'' company President Raj Vattikuti, said in a statement.

The year 2000 problem ''has not crowded out the information technology spending budgets of our clients,'' he added.

The company added its balance sheet remains strong and it has $65.5 million in cash.