Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Entrust Technologies Inc (ENTU) -- Ignore unavailable to you. Want to Upgrade?

To: GM who wrote (117)	4/16/1999 1:15:00 PM
From: Jean M. Gauthier	Read Replies (2) \| Respond to of 1205

Hey people. anybody know what the date for reporting their earnings is ? anybody know? we have not seen a runup yet, so what do you guys think ? take care Jean

To: GM who wrote (117)	4/19/1999 4:35:00 PM
From: Frank Ferrari	Read Replies (2) \| Respond to of 1205

Here are the results.. Revenue up 71 percent from year ago, and earnings per share of .01 basic and diluted. A quick comparison to last quarter also shows a sequential growth in revenue over q4 98 of (16.8 - 15.01)/16.8 = over 10 percent. All in all a very strong quarter in my opinion. entrust.com Plano, TX - (Nasdaq: ENTU), the worldwide leader in managed public key infrastructure (PKI) solutions, today reported financial results for the first quarter of 1999. Total revenues for the first quarter of fiscal 1999 increased 70% to $16.8 million, compared with $9.9 million for the same quarter last year. License revenues for the quarter increased 51% to $11.6 million, compared with $7.7 million for the first quarter of 1998. Service and maintenance revenues increased 136% to $5.2 million, compared with $2.2 million for the same quarter of 1998. Net income for the quarter was $0.3 million, or $0.01 per diluted share, compared with net income of $ 0.1 million, or $0.00 per diluted share, for the first quarter last year. Quarterly Highlights During the first quarter of 1999, Entrust Technologies: Continued building momentum on the Quick Start Pilot Program by selling 55 pilots, a 323% increase over first-quarter 1998 and a 12% increase over fourth-quarter 1998. Received its largest contract in company history from a major insurance company. This customer will use Entrust products for both internal and Internet-based transactions. Participated in the launch of ViaCode, the Royal Mail's secure, e-commerce service for Internet e-mail and commercial transactions, based on Entrust's PKI software. Launched the Entrust/Alliance Developer Program, which rapidly increased the development of Entrust-Ready applications and solved complex interoperability issues in the industry. Added major new initiatives with partners in all areas of the business, including Lotus, Novell, 3Com, Compaq, Adobe and Documentum. Enhanced its product portfolio with the addition of Entrust/Unity, a new application for Netscape Communicator and Microsoft Internet Explorer; released an updated version of Entrust/Direct; released Entrust/Access, its VPN and remote access solution to the market; and delivered the Japanese version of Entrust/PKI. Received the prestigious "PKI Product of the Year Award" for 1999 from Network Magazine. "We are extremely pleased with the results of the first quarter of 1999 and believe they highlight the exciting growth we are experiencing in this industry," said John Ryan, president and chief executive officer, Entrust Technologies Inc. "We continue to be excited by the strong momentum we're seeing from customers who want to use our solutions for e-commerce transactions on the Internet. It's clear that our team has demonstrated their ability to execute successfully across all areas of the business, including customer growth, partner initiatives, and new product development" This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not historical facts may be deemed to be forward-looking statements. There are a number of important factors that could cause actual results to differ materially from those indicated by such forward-looking statements. These factors include, without limitation, the risk factors detailed from time to time in Entrust Technologies' periodic reports and registration statements filed with the Securities and Exchange Commission, including without limitation Entrust Technologies' Registration Statement on Form S-1, as amended (File No. 333-57275), filed on June 19, 1998 and annual report on Form 10-K filed on March 29, 1999.