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Technology Stocks : LEGATO SYSTEMS LGTO -- Ignore unavailable to you. Want to Upgrade?

To: Mark T. Heath who wrote (382)	4/20/1999 4:57:00 PM
From: John A. Young	Read Replies (1) \| Respond to of 1138

Bought 2000 shares yest. at $33.00 We used them at BBN (now GTE Internetworking). --John

To: Mark T. Heath who wrote (382)	4/21/1999 4:26:00 PM
From: Beltropolis Boy	Read Replies (2) \| Respond to of 1138

we had a gift handed to us on monday. i believe the consensus was $0.22. ----- Legato Announces Record First Quarter 1999 Results: Revenue Grows 70%; Earnings Per Share Increase 92% Business Wire - April 21, 1999 16:17 PALO ALTO, Calif.--(BUSINESS WIRE)--April 21, 1999--Legato Systems, Inc. (Nasdaq:LGTO), the leader in enterprise storage management, today announced record financial results for its first quarter of fiscal 1999. The company achieved record revenue of $48.3 million, an increase of 70% over last year's first quarter revenue of $28.4 million. Net income grew 95% to $10.1 million, from $5.2 million for the same period in fiscal year 1998. The company enjoyed further operating margin expansion to 31.1% for the first quarter compared with 26% for the same period last year. Diluted earnings per share for the quarter nearly doubled to $0.25 from $0.13 for the same period last year. "The momentum of the company has never been stronger, and our growth reflects broad customer acceptance," said Louis C. Cole, Legato's president and chief executive officer. "Sustained growth in worldwide sales, coupled with the expanding breadth and depth of our product offering, puts Legato in a powerful position to take full advantage of the opportunities in this rapidly expanding storage management market. We also demonstrated our commitment to the emerging Storage Area Networking marketplace by announcing and delivering the industry's first serverless solution for SANs, along with innovative software products in the areas of backup, high availability, and clustering," Cole concluded. "Our recently completed first quarter was the strongest quarter in company history," commented Stephen C. Wise, chief financial officer. "License revenue was up sharply in the quarter to $35.5 million, and service and support revenue more than doubled, growing to $12.8 million compared with $6.1 million recorded in the first quarter of 1998. We're very pleased with the success we're having in all of our markets worldwide, with well-balanced growth across all major product lines and channel segments," concluded Wise.