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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Nietzsche who wrote (74636)	5/12/1999 11:33:00 AM
From: JoAnn	Respond to of 119973

05/12 Perot Systems Reports a 50% Increase in Earnings Per Share for First <PER.N> Perot Systems Reports a 50% Increase in Earnings Per Share for First Quarter 1999 DALLAS, May 12 /PRNewswire/ -- Perot Systems Corporation (NYSE: PER) reported for its first quarter, ended March 31, 1999: -- Earnings per share of $.15 as compared to $.10 per share for the same quarter in 1998, an increase of 50%. -- Net income for the quarter of $16.2 million versus $9.0 million for the same period in prior year, an increase of 80%. -- Revenue for the quarter was reported as $274.4 million, an increase of 28% over revenue of $214.1 million reported in the same period for 1998. -- Operating (EBIT) margins improved 2.0 percentage points over the same period in 1998, reaching an all time high for the corporation of 9.0%. -- Cash balances grew to $225.8 million from $61.6 million as of March 31, 1998, an increase of $164.2 million or 267%. Perot Systems Corporation is a leading worldwide information technology services and business solutions company. Perot Systems serves clients in various industries including financial services, healthcare, energy, and travel & transportation, with more than 6,000 employees in North America, Europe, and Asia. Visit Perot Systems on the World Wide Web at perotsystems.com. PEROT SYSTEMS CORPORATION First Quarter 1999 Income Statement and Balance Sheet Highlights (Millions of USD, except per share amounts) First Quarter 1998 1999 %Change Revenue 214.1 274.4 28% EBIT 15.0 24.8 65% Net Income 9.0 16.2 80%