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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Andrew H who wrote (2854)	3/17/1999 8:48:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 30916

how bout a revenue explosion? March 17, 1999 20:23 IDT CORP files 0131 qtr 10-Q. Reports $294 mil tot rev and $0.21 EPS. Excerpted from 10-Q filed on 03/17 by IDT CORP: IDT CORP files 0131 qtr 10-Q. Reports $294 mil tot rev and $0.21 EPS. Results of Operations Revenues. Revenues increased 133.9% from approximately $125.7 million for the six months ended January 31, 1998 to approximately $294.0 million for the six months ended January 31, 1999. Telecommunications revenues increased 146.1% from approximately $110.9 million for the six months ended January 31, 1998 to approximately $272.9 million for the six months ended January 31, 1999. Internet access revenues decreased 14.0% from approximately $10.0 million for the six months ended January 31, 1998 to approximately $8.6 million for the six months ended January 31, 1999, reflecting the Company's decision to de-emphasize its activities in this area. Internet telephony revenues increased 160.4% from approximately $4.8 million for the six months ended January 31, 1998 to approximately $12.5 million for the six months ended January 31, 1999. Telecommunications revenues increased primarily as a result of an increase in minutes of use from approximately 271.9 million for the six months ended January 31, 1998 to approximately 1.1 billion for the six months ended January 31, 1999. The increase in minutes was primarily due to the addition of wholesale carrier service clients, increased usage by existing clients, and increased marketing of the Company's prepaid calling cards. The addition of wholesale carrier services clients and the increased use by existing clients resulted in an increase in wholesale carrier services revenues of 39.4%, from approximately $74.1 million for the six months ended January 31, 1998 to approximately $103.3 million for the six months ended January 31, 1999. As a percentage of telecommunications revenues, wholesale carrier service revenues decreased from approximately 66.8% to 37.9%, primarily due to the significant increase in prepaid calling card revenues both in real dollars and as a percentage of overall telecommunications revenues. Revenues from sales of prepaid calling cards increased 555.6% from approximately $23.4 million for the six months ended January 31, 1998 to approximately $153.4 million for the six months ended January 31, 1999 as a result of increased marketing efforts and the Company's purchase of a majority interest in Union Telecard Alliance, LLC, a prepaid calling card distributor, in May 1998. As a percentage of telecommunications revenues, prepaid calling card revenues increased from approximately 21.1% to 56.1%. As a percentage of telecommunications revenues, international retail services revenues (which consist primarily of call reorigination services) decreased from approximately 9.7% to 4.3%.