Cambex reports fiscal 1995 first quarter results.WALTHAM Waltham (wôl`thăm, –thəm), city (1990 pop. 57,878), Middlesex co., E Mass., a suburb of Boston, on the Charles River; settled c.1634, set off from Watertown 1738, inc. as a city 1884. , Mass. --(BUSINESS WIRE)-- Jan. 13, 1995-- Cambex Corp. today reported revenues of $10,167,000, and net income of $156,000, equal to $0.02 per share, for the first quarter of fiscal year 1995 ended Dec. 3, 1994. This compares to revenues of $9,088,000 and net income of $128,000, or $0.02 per share, for the first quarter of fiscal year 1994 ended Nov. 27, 1993. "The mainframe segment of the company's business has improved from a year ago, with our customers now starting to add storage capacity to their IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) ES/9021 mainframe machines. Profitability remained the same as in the prior year because of increased spending on new products," Joseph F. Kruy, Cambex's chairman and chief executive officer, commented. Cambex Corp. (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 :CBEX CBEX China Beijing Equity Exchange ) is a leading supplier of direct access storage products used with IBM mainframe IBM mainframes, though perceived as synonymous with mainframe computers in general due to their marketshare, are now technically and specifically IBM's line of business computers that can all trace their design evolution to the IBM System/360. and client/server An architecture in which the user's PC (the client) is the requesting machine and the server is the supplying machine, both of which are connected via a local area network (LAN) or wide area network (WAN). computers. The company's products include memory, disk, RAID disk arrays and tape storage systems employed by users in their highest performance IBM computing computing - computer environments.
CAMBEX CORP.
FIRST QUARTER 1995 FINANCIAL RESULTS
(Unaudited)
For the first quarter ended
Dec. 3, 1994 Nov. 27, 1993
Revenues $10,167,000 $9,088,000 Income before income taxes $ 261,000 $ 251,000 Provision for income taxes (105,000) (123,000) Net income $ 156,000 $ 128,000 Net income per common share $ 0.02 $ 0.02 Weighted average shares outstanding 8,625,000 8,500,000 CONTACT: Cambex Corp. Sheldon M. Schenkler, 617/890-6000 ext. 241 |
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