Analysts International Expects First Quarter Cash EPS To be $0.05 to $0.07; While Revenues Increase, Margin Pressures to Affect First Quarter and Balance of Year.Business Editors/High-Tech Writers MINNEAPOLIS--(BUSINESS WIRE)--April 12, 2001 Analysts International Corporation (Nasdaq:ANLY) today reported that first quarter results, scheduled to be released on Thursday, April 26, 2001, will show a revenue increase over the previous quarter, with cash earnings per share now expected to be $0.05 to $0.07, before a non-recurring charge of approximately $0.01 per share that's related to a one-time consulting fee. Company officials noted that earnings for the quarter have been negatively affected by ongoing margin pressures, due to the current challenging business environment for IT services and the resulting competitive pricing. They also noted that those pressures may continue the balance of the year and expect cash earnings per share for the 12 months ending December 31, 2001, to be in the range of $0.30 to $0.40. Frederick W. Lang Lang language LANG Louisiana Army National Guard Lang Langobardian (linguistics) LANG Los Angeles Newspaper Guild , chairman and chief executive officer of the company, stated, "While we expect the near-term and the balance of 2001 to be challenging, we remain very positive with respect to our long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. prospects. The steps that we have undertaken in late 2000 and have continued this year to restructure and reduce costs leave us extremely well-positioned to weather these challenges and emerge with greater market share and a substantially stronger franchise." Headquartered in Minneapolis, Analysts International Corporation is a premier information technology services company serving more than 1,000 corporate and governmental clients. The company has offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in Canada and the United Kingdom and provides valued services and expertise in e-business/e-commerce, business solutions, managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , technical staffing and professional consulting. For more information, visit the company Web site at http://www.analysts.com. Statements contained herein which are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Any forward-looking statements in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may vary materially from those projected as a result of certain risks and uncertainties. Refer to discussions of certain of these risks and uncertainties in the company's Annual Reports, 10-Ks, 10-Qs and other Securities and Exchange Commission filings. |
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