Computer Horizons comments on 2Q96 earnings.MOUNTAIN LAKES, N.J.--(BUSINESS WIRE)--July 10, 1996--Computer Horizons 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 : CHRZ) announced today that it expects to report second quarter revenues approximating $56 million compared to last year's $48.4 million. Earnings for the quarter are expected to be in the range of $.12 to $.15 per share, compared to last year's $.15. The company attributed the quarter's anticipated results principally to the previously reported termination of certain AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group contracts and substantial expenditures the company has undertaken to build an infrastructure capable of handling the major Year 2000 conversion projects that it has been pursuing. Computer Horizons plans to formally announce results on July July: see month. 22. John Cassese, chairman and president, said that "we are confident our strategy and investment in the Year 2000 millennium conversion market will make an important contribution in the latter part of this year and on into 1997 and beyond, as we continue to enhance our leadership position in this market." Computer Horizons Corp. offers diversified diversified (di·verˑ·s information technology services and solutions to its clients through a worldwide network of 39 offices and subsidiary organizations. The company helps its clients with advanced technology solutions to complex problems in the areas of Year 2000 millennium conversions, outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , re-engineering re-engineering - The examination and modification of a system to reconstitute it in a new form and the subsequent implementation of the new form. http://erg.abdn.ac.uk/users/brant/sre. , client/server migration and development, network management and knowledge transfer and supplemental staffing. CONTACT: Computer Horizons Corp. Bernhard Hubert, 201/402-7400 |
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