Boole & Babbage Expects Record Fourth Quarter.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Oct. 24, 1996--Boole & Babbage, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BOOL) announced that it expects to report record revenues and profits for both its fourth fiscal quarter and year ended September 30, 1996. Revenues are expected to exceed $45 million for its fourth quarter or approximately a 10% increase over the fiscal 1995 fourth quarter revenues of $41.2 million. The company also announced that fourth quarter earnings per share is expected to increase by 33% to $.44 compared with $.33 in 1995's fourth quarter. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. is expected to increase 28% to about $5.7 million with margins of approximately 12.6% compared to 10.8% in 1995. For the fiscal year ended September 30, 1996 revenues are expected to be up 8% to record levels of approximately $167 million. 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 fiscal 1996 are expected to be up nearly 20% with related earnings per share expected to be up by about 24% to approximately $1.50 versus $1.21 for fiscal 1995. "I was pleased that all channels did well in the fourth quarter despite some strong 1995 comparables and less favorable currency translations," said Paul E. Newton, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Particularly strong was North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. which grew nearly 20% and posted record new product revenues. Our mainframe products also had a record quarter and year. More impressively, our client/server products not only grew by 62%, but for the tenth consecutive quarter set a new record. In addition, we won several major accounts with COMMAND/POST, entered into some exciting new marketing partnerships, launched a new product initiative toward IBM's new MQ middleware offering, and just conducted an enthusiastic sales kick-off meeting for fiscal 1997." Boole & Babbage is a leader in enterprise automation software for distributed systems Distributed systems (computers) A distributed system consists of a collection of autonomous computers linked by a computer network and equipped with distributed system software. . The Company is committed to supporting open systems and the growing client/server market to help IS organizations increase systems availability and reduce costs. Boole & Babbage maintains strategic alliances with other industry leaders to ensure its customers the most powerful, efficient solutions. Founded in 1967, Boole & Babbage sells more than 40 products in North America, Europe, Asia, Japan, Australia, and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . The Company plans to announce final results in early November. CONTACT: Boole & Babbage Arthur F. Knapp Jr., 408/526-3333 aknapp@boole.com http://www.boole.com |
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