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Technology Stocks : PERI (Periphonics) -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (1594)	6/4/1999 11:24:00 AM
From: Mel Spivak	Read Replies (2) \| Respond to of 1682

Great sales for the Q are pre-announced: Periphonics Announces Record Quarterly Revenues Of $44 Million Preliminary Results Indicate FY99 Fourth Quarter Revenues and Earnings Will Exceed Analysts' Estimates BOHEMIA, N.Y.--(BUSINESS WIRE)--June 3, 1999--Periphonics Corporation (NASDAQ: PERI - news), a leading worldwide provider of products and services for call processing solutions used in Computer Telephony Integration (CTI) and Telecom Enhanced Network Services, today announced that, based on a preliminary review of results, it expects to report approximately $44 million in total revenues for the fourth quarter of fiscal 1999 ended May 31, 1999. This represents an increase of approximately 36 percent compared with total revenues of $32.5 reported in the prior year period. For full-year fiscal 1999, the company anticipates reporting total revenues of approximately $142 million; a 21 percent increase compared with $117.3 million in fiscal 1998. System revenues for the fourth quarter are expected to reach a record of approximately $34.2 million, up 38 percent compared with the fourth quarter of fiscal 1998. Maintenance revenue is expected to be approximately $9.8 million, an increase of 24 percent from the year ago period. Peter Cohen, Periphonics Chairman and CEO, said, ''We're very pleased with the strong sales growth achieved during the fourth quarter. While the final results await completion of our year-end audit, we anticipate earnings per share will exceed current analysts' consensus estimates. Equally important, our outlook going forward is very positive. We've entered our fiscal first quarter with a significantly increased backlog and a strong pipeline of business opportunities. This, combined with the continuing healthy rate of order bookings, is providing excellent visibility regarding revenues in the current quarter and significantly improved visibility for the second quarter as well.'' Cohen also noted that the company plans to continue its stock repurchase program, under which it has bought approximately 860,000 shares of a 1.3 million authorization at prices ranging from approximately $6.50-to-$12.00 per share. ''We believe that, at current price levels, our shares represent a very attractive investment with significant upside potential.'' Periphonics Corporation is a global leader in the development, marketing and support of products and professional services for Computer Telephony Integration (CTI) and Telecom Enhanced Network Services. The Company's products and services utilize such technologies as interactive voice response (IVR), advanced speech processing with large vocabulary recognition (LVR), natural language processing and text-to-speech, as well as interactive processing via Web browsers, messaging, and fax. Periphonics also provides comprehensive professional services including project management, software application development, call center integration and script and grammar development. The Company's products and professional services help its customers enhance their customer service offerings, increase caller satisfaction, reduce operating costs and often create new revenue opportunities by automating call and transaction processing. Periphonics is an ISO 9001/TickIT registered company with systems installed in more than 50 countries. For further information, visit our site on the World Wide Web at peri.com. Special Note Regarding Forward-Looking Statements: A number of statements contained in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: long sales cycles that affect timing of orders from and shipments to customers, delays in the development and customer acceptance of custom software applications, the timing and market acceptance of new product introductions and changes in economic conditions in domestic and international markets, competitive/market pricing pressures, risks in new product and technology development, delays in delivery of orders due to fluctuations in inventory, reliance on a limited number of vendors for key parts and components, and changes in general economic conditions in the domestic and international markets in which the company operates. For a more detailed description of these and other risk factors, please refer to the Company's Securities and Exchange Commission filings including the Company's Forms 10-Q and Form 10-K and Annual Report. Web Broadcast of Conference Call: The company has scheduled a conference call with the investment community for Monday, June 7 at 8:30 a.m. eastern standard time. The call will be broadcast live via the Internet and can be accessed by going to the Investor Relations section of the company's web site at peri.com and clicking on the ''live webcast'' link. A recording of the call will be posted on the Investor Relations section of the web site within 2 hours of the call's conclusion. Contact: Periphonics Corporation, Bohemia Joseph D. Pititto Sr. Director Investor Relations 516/468-9212 invest@peri.com