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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Teri Garner who wrote (37915)	5/3/1999 5:25:00 PM
From: Jenna	Respond to of 120523

SONE, TBFC.. Teri did you ever get TBFC? Looks like a gapper in the morning. I hope 2 hits I've got nice positions in them both Security First Technologies Reports 250% Increase In First Quarter Revenues; Over 692,000 Accounts Now Powered by S1 Technology ATLANTA, May 3 /PRNewswire/ -- Security First Technologies Corporation or S1 (Nasdaq: SONE - news), a leading provider of Internet-based applications for the financial services industry, reported revenues of $12 million for the quarter ended March 31, 1999, a 250% increase from $3.4 million for the quarter ended March 31, 1998. Software license revenue increased to $2.3 million in the first quarter 1999, a 245% increase over the first quarter 1998. Professional services revenue increased to $8.2 million in the first quarter 1999, a 233% increase over the prior year quarter. Data Center revenue increased to $1.5 million in the first quarter 1999, a 399% increase over the first quarter 1998. Gross margin improved to 40% in the first quarter of 1999 from 0% in the first quarter 1998. This improvement was directly related to the improved gross margin for the data center operations which was negative 9% in the first quarter 1999 compared to negative 488% in the first quarter 1998. The improved data center gross margin was due to increased revenue resulting from the growth in end-users and decreased costs due to improved Data Center efficiency. At March 31, 1999, the estimated number of accounts powered by S1 technology worldwide increased by 592% over March 31, 1998 to over 692 thousand. The estimated total number of Virtual Financial Manager(TM) (VFM) end-users increased to over 263 thousand as of March 31, 1999, a 408% increase from March 31, 1998. In the first quarter 1999, S1 incurred a net loss from continuing operations of $3.3 million, or $0.13 per share (post-split basis) compared to $8.1 million, or $0.39 per share (post split basis), for the first quarter 1998.