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Technology Stocks : Catapult Communications Inc (CATT) -- Ignore unavailable to you. Want to Upgrade?

To: Hale Koa who wrote (17)	4/14/1999 5:06:00 PM
From: Manny	Read Replies (1) \| Respond to of 184

Catapult Communications Reports Record Financial Performance for Second Quarter 1999 Wednesday April 14, 4:41 pm Eastern Time Company Press Release Earnings per Share Increased 100 Percent, Revenue Up 95 Percent MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--April 14, 1999--Catapult Communications (Nasdaq: CATT - news), a leading provider of advanced software-based test systems to the telecom industry, reported record quarterly revenues and net income for the second fiscal quarter ended March 31, 1999. A strong market for Catapult's products, particularly in Japan, was the primary factor contributing to Catapult's strong performance during the quarter. Total revenues for the second quarter were $9.8 million, a 95 percent increase over revenues reported for the second quarter of 1998. Revenues during the quarter were significantly impacted by a $3.5 million one-time sale to a Japanese customer. Net income during the quarter increased 120 percent to $3.6 million from $1.6 million reported for the second quarter of 1998. Diluted earnings per share for the second quarter doubled to $.30, based on 12.1 million average shares outstanding. Earnings per share in the same quarter a year ago were $.15, based on 10.9 million average shares outstanding. These results reflect the highest quarterly revenues and net income in the company's thirteen-year history. Dr. Richard A. Karp, Catapult's founder and CEO said, ''Our second quarter results underscore the continuing and pervasive need for telecom test systems throughout our industry. We believe that Catapult is well positioned in this market and supports the broadest range of protocols and variants. We currently support 116 protocols and variants and later this quarter Catapult expects to make an initial release of software for testing protocols used in the Internet, including H.323 (Voice over IP) and MGCP (Media Gateway Control Protocol).'' About Catapult Communications Corporation: Catapult Communications Corporation, founded in 1985, is a leading provider of advanced software-based test system for the global telecommunications industry. Catapult's Digital Communications Test System (''DCT'') is a comprehensive test solution designed to enable equipment manufacturers and network operators to deliver complex digital equipment and services more quickly and cost-effectively, while helping to ensure interoperability and reliability. Catapult's advanced software and hardware assists equipment manufacturers and service providers in the design, integration, installation and acceptance testing of a broad range of digital telecommunications equipment and services. Catapult markets its products through a direct sales force in North America, Europe and Japan to many industry leaders in the global telecommunications market. Catapult Communications Corporation is headquartered at 160 South Whisman Road, Mountain View, CA, 94041. Additional information is available at catapult.com.