Comit Systems Announces Fiscal 2000 Results.Business Editors/High-Tech Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--April 9, 2001 Comit Systems announced its results for Fiscal 2000 ending Dec. 31, today. Revenue was up 36% to $6.21M ($4.55M). Net income was up 155% to $560K ($220K), basic 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 16.5 cents (6.5 cents) and fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. EPS 12.7 cents (4.8 cents). R. Vijayaraghavan, 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 Comit Systems, said, "Our unique strategic positioning as the contract engineering company is the engine driving our success. This financial performance is an evidence of that." There is growing awareness of contract engineering in the electronics industry as the smarter way to build products. An increasing number of product companies, both established and new, are adopting contract engineering to gain time-to-market advantage and better 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). . Having pioneered Contract Engineering as an industry, Comit is poised to leverage its intellectual investment in engineering processes to generate increasingly greater returns for its customers. About Comit Systems: Recognized as one of the 100 fastest growing, private companies in the Silicon Valley, Comit Systems, through its Design Center in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. provides turnkey Contract Engineering services for electronic product development through the design of Chips, Board, Software and Systems, using the latest enabling technologies and tools. More information on Comit Systems may be found on the Internet at http://www.comit.com |
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