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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: Jenna who wrote (39841)	5/13/1999 6:13:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

TTI Telecom International Ltd. Reports Record Revenues and Net Income for First Quarter 1999 Now of course we don't want to start a trend and inundate the thread with junk. It should be clear some of these companies are one hit wonders or good for a momentum swing trade. If I post any of them it would be after an earnings report and/or after I've tried to research them as best I can. The one below is different. Its one you all know as TTILF and its a nice company that came out with earnings yesterday once again. The Israeli companies have been doing exceedingly well in the last few months. Just as with ITN I can only report on what this company has done in the past and its been a good one. I do own it but make no claims about a rosy future beyond what you can read for yourself. PETACH TIKVA, ISRAEL (May 12) BUSINESS WIRE -May 12, 1999-- -- Revenues up 59%; EPS up 86% -- TTI Telecom International Ltd. (NASDAQ/NM symbol: TTIL), a leading provider of integrated, turnkey software solutions for telecom service providers, today announced record unaudited results for the first quarter ended March 31, 1999. Revenues for the first quarter of 1999 reached a record $6.4 million, an increase of 59% versus $4.0 million for the first quarter of last year. Product sales increased 60% to $4.8 million compared to $3.0 million for the same period last. Operating income rose 97% to $1.2 million compared to $606 thousand for the same quarter of 1998. Net income for the quarter reached a record $1.2 million or $0.13 per diluted share, versus $644 thousand or $0.07 per diluted share last year. Commenting on the results, Mr. Meir Lipshes, Chief Executive Officer said, "Our record revenues this quarter reflect primarily new contract wins and recurring revenues from existing contract awards. With our turnkey solutions in network management, we are gaining a greater edge in effectively competing for and closing significant new contracts.