CSI Computer Specialists Inc. announces annual earnings.ROCKVILLE, Md.--(BUSINESS WIRE)--March 5, 1997--CSI Computer Specialists 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 :CSISW;CSIS Noun 1. CSIS - Canada's main foreign intelligence agency that gathers and analyzes information to provide security intelligence for the Canadian government Canadian Security Intelligence Service ) announced Wednesday its financial results for the year ended Dec. 31, 1996. The company announced pre-tax earnings of $150,500 with net earnings of $89,500 (or 2 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. ) for the year ended Dec. 31, 1996 compared to pre-tax earnings of $582,000 with net earnings of $358,000 (or 10 cents per share) for the year ended Dec. 31, 1995. Sales were $10.8 million for the year ended Dec. 31, 1996, compared with sales of $6.8 million for the year ended Dec. 31, 1995. Earnings per share for 1995 have been adjusted to reflect the additional shares issued as a result of the initial public offering completed in July, 1995. The company attributes the decrease in net earnings to the redirection Diverting data from their normal destination to another; for example, to a disk file instead of the printer, or to a server's disk instead of the local disk. See virtual directory, symbolic link, shortcut, redirector and DOS redirection. 1. of corporate efforts during the fiscal year ended Dec. 31, 1996, most directly to the integration with CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International of CCS (1) (Common Channel Signaling) A communications system in which one channel is used for signaling and different channels are used for voice/data transmission. Signaling System 7 (SS7) is a CCS system, also known as CCS7. See SS7. Systems Inc. which was acquired in December 1995, as well as continued efforts to expand its offices in Philadelphia and Richmond, Va. The company also directed efforts to the acquisition of Cintronix Inc., which was acquired in January 1997. Donald C. Weymer, chairman and chief executive officer of the company indicated that, acknowledging that the current earnings reflect the competitive changes in the mainframe maintenance market, the steps taken in 1996 will position the company to expand both its market share in the mainframe maintenance arena as well as greatly expand its capabilities in the mid-range market. -0-
Year ended Year ended
Dec. 31, 1996 Dec. 31, 1995
Sales (in thousands) $10,834 $6,844
Earnings before taxes (in thousands) 151 582
Net income (in thousands) 90 358
Earnings per share .02 .10
-0- CSI Computer Specialists Inc. is in the business of providing a wide range of computer hardware services, including installation and de-installation of equipment, computer upgrades, maintenance and repair and sales of parts and equipment. The company provides its services to agencies of the federal government, state and local governments, hospitals, universities and commercial customers in the mid-Atlantic region of 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. . CONTACT: CSI Computer Specialists Inc. Donald C. Weymer, 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. , 301/921-8860 |
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