Braun Consulting Maintains Positive Quarterly Outlook; Confirms Comfort With First Quarter Estimates.Business Editors CHICAGO--(BUSINESS WIRE)--March 13, 2001 Braun Consulting (Nasdaq: BRNC BRNC Britannia Royal Naval College (Dartmouth, England) ), a leading professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm delivering customer-focused business solutions, confirmed previous guidance for the Company's fiscal 2001 first quarter. Commenting on the Company's performance to date, Steve Braun, Chairman 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. of Braun Consulting, said: "As a challenging first quarter for the industry draws to a close, we are very comfortable with Braun's performance in the quarter and the previous guidance of $20.5 million to $21.0 million in revenues with cash EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. being slightly negative to breakeven breakeven 1. The level of output or sales necessary to cover fixed expenses. Companies in industries that have high fixed costs and, consequently, high breakevens, such as automobile and steel manufacturing, are likely to exhibit large fluctuations . This represents an improvement from the $18.2 million in revenues realized in the fourth quarter. Management recognizes the difficulties facing the industry and remains focused on a near-term return to profitability with sustained long-term growth. Our business metrics have steadily improved from the fourth quarter and we continue to see demand for our services, particularly in our key vertical of Healthcare and Pharmaceuticals." Under a challenging first quarter market environment, we have successfully managed our business through attention to key company strengths, including: -- Our customer-centric focus, which emphasizes helping clients optimize their customer relationships to drive growth and profitability, and clearly demonstrates near-term return on investment. -- Tightly integrated business solutions, from business strategy, through technology-driven customer interactions, to our unique business intelligence solutions. -- A diverse portfolio of existing senior level client relationships, with particular strength in Healthcare and Pharmaceuticals, which drive mission-critical projects. -- Our seasoned business development group, which has leveraged its historical success to continue to source and close new business opportunities in competitive markets. These strengths, in combination with an experienced management team and highly talented workforce, have provided stability at Braun Consulting in a turbulent market. "Our long-term outlook remains cautiously optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op for Braun and the market for our services. In the current market, companies are primarily investing in those initiatives that have a measurable ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). and, as a result, the demand continues for strategic solutions that address core business fundamentals business fundamentals The general background within which an economy operates including earnings, sales, wage rates, taxes, and inflation. Improving business fundamentals are generally viewed as bullish for stocks, although stock prices at any given point surrounding customer relationships, profitability and growth," continued Braun. "This pattern is directly aligned with the types of solutions we deliver. The strength of our model, our delivery of pragmatic customer-focused business solutions, and our ability to establish long-term client partnerships continue to differentiate Braun and position us to successfully manage our business during uncertain economic cycles." "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. " Statement under 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 Statements in this press release that are not strictly historical are "forward-looking" statements that involve risks or uncertainties, many of which are not under the control of the company. The risks and uncertainties could cause actual results to differ materially from those described in the forward-looking statement 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. . Such risks and uncertainties include, but are not limited to, competition, general economic conditions, the number of projects undertaken and completed during a period, attracting and retaining highly skilled employees, timely payment by clients for services rendered, as well as other risks identified in the company's prospectus dated April 6, 2000, and other filings with the Securities and Exchange Commission. The company is under no duty to update any of the forward-looking statements after the date of this report or to conform these statements to actual results or changes in its expectations. About Braun Consulting Braun Consulting, Inc. (Nasdaq: BRNC) is a leading professional services firm delivering customer-focused business solutions to Fortune 1000 companies. Braun Consulting combines cutting-edge business intelligence and CRM/eCRM technologies with business strategy to help clients build customer loyalty. By creating the necessary connection between technology and strategy, Braun builds effective business solutions that help clients drive business performance and cultivate long-term relationships with their most valuable customers. Founded in 1993, Chicago-based Braun Consulting has 12 offices throughout the U.S. Braun Consulting maintains strategic alliances with top developers of enterprise applications, including Clarify, BEA Systems BEA Systems, Inc. (NASDAQ: BEAS) is one of the major companies developing enterprise infrastructure software. BEA makes middleware, products that help software run on top of databases. , Microsoft, Oracle, Siebel, SAP, Business Objects, Hyperion, NetGenesis and others. Additional information about Braun Consulting is available at www.braunconsult.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion