Analysis & Technology announces first quarter results.NORTH STONINGTON, Conn.--(BUSINESS WIRE)--July 27, 1995-- Analysis & Technology Inc. (NASDAQ/SM: AATI AATI Austin Area Translators and Interpreters Association AATI Asociación Argentina de Traductores e Intérpretes ) announced today that net earnings for the first quarter of fiscal 1996 ended June 30, 1995 increased 5 percent to $714,000, or $.29 per share, on revenue of $31,671,000. This compares to net earnings of $682,000, or $.28 per share, on revenue of $31,404,000 for the first quarter of fiscal 1995. Noting that operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before for the first quarter increased 22 percent to $1,554,000 from $1,276,000 a year ago, Chief Executive Officer Gary P. Bennett said, "A&T's core defense operations are continuing to benefit from the steadily increasing technology content of our work and a variety of operational enhancements to our contract management procedures. Improved operating efficiencies in A&T's commercial interactive multimedia operations also contributed to the increase in gross margin." Bennett said that transaction volumes for the On-Line Registration System (OLRS OLRS Ohio Legal Rights Service ) developed by A&T's General Systems Solutions Inc. (GSS (storage) GSS - Group-Sweeping Scheduling. ) subsidiary are increasing as GSS focuses on building sales in existing programs. He added that a dealer registration module for OLRS recently began beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the in Connecticut Connecticut, state, United States Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). . The company also reported that contractual backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. increased 19 percent to $423,607,000 at June 30, 1995 from $356,968,000 a year earlier. "Based on these developments, I believe that we are well positioned in our core defense market, and that we are investing in the right diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. efforts," Bennett concluded. Analysis & Technology Inc. provides engineering services, information technologies and interactive multimedia systems for government and commercial clients. -0-
A summary of comparative results follows:
Three Months
Ended June 30,
1995 1994
Revenues $31,671,000 $31,404,000 Operating Earnings 1,554,000 1,276,000 Earnings before Income Taxes 1,241,000 1,148,000 Net Earnings 714,000 682,000 Earnings per Common Share 0.29 0.28 Weighted Average Shares and Equivalent Shares Outstanding 2,455,000 2,473,000 -0- CONTACT: Analysis & Technology Inc. Elaine Beckwith, 203/599-3910, ext 2630 |
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