CSI Computer Specialists Inc. announces first quarter revenues.ROCKVILLE, Md.--(BUSINESS WIRE)--April 28, 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 Monday its financial results for the quarter ended March 31, 1997. The company announced pre-tax earnings of $252,000 with net earnings of $155,000 (or 4 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 quarter ended March 31, 1997 compared to pre-tax earnings of $203,000 with net earnings of $125,000 (or 3 cents per share) for the quarter ended March 31, 1996. Sales were $5.3 million for the quarter ended March 31, 1997, compared with sales of $2.9 million for the quarter ended March 31, 1996. Donald C. Weymer, CSI's chairman and chief executive officer, attributed the increased revenue primarily to Cintronix Inc. and Advanced Network Systems, companies which were acquired by 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 in January and February, respectively, of this year, and expected even stronger results when the acquisitions show a full quarter's operations in the next reporting period. -0-
Quarter ended Quarter ended
March 31, 1997 March 31, 1996
Sales (in thousands) $ 5,264 $ 2,946
Earnings before taxes
(in thousands) 252 203
Net income (in thousands) 155 125
Earnings per share .04 .03
-0- CSI Computer Specialists Inc. is in the business of providing a full range of computer hardware services, including sales and maintenance of mainframe and midrange computer A medium-sized computer system or server. Midrange computers encompass a very broad range and reside in capacity between high-end PCs and mainframes. They cost from $25,000 to more than a million. IBM's AS/400s (iSeries) and HP's 3000 and Alpha families are examples. equipment and parts, network design and installation, computer upgrades, and installation and de-installation of equipment. The company provides its services to commercial customers, agencies of the federal, state and local governments, and universities, hospitals, and associations primarily 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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