Computer Technology Associates Posts Strong Increase in Earnings for 1998: Commercial Revenues Up 170%.BETHESDA, Md.--(BUSINESS WIRE)--April 27, 1999-- Computer Technology Associates, Inc. (CTA An abbreviation for cum testamento annexo, Latin for "with the will annexed." ), a leading provider of information systems and services, today released their 1998 financial results, which showed an increase across the board. Most notably, CTA's commercial revenues increased 170 percent to $50.7 million, compared to last year's $18.8 million. Other noteworthy CTA financial accomplishments include: -- Revenues increased 27 percent to $117.2 million in 1998 from $92.2 million in 1997 -- Commercial revenues in 1998 comprised 43 percent of total revenues, compared to 20 percent of total revenues in 1997 -- Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. increased to $6.8 million in 1998 from $0.4 million in 1997 Tom Velez, 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 Computer Technology Associates, says, "We are encouraged by the strong 1998 earnings, because it proves CTA is headed in the right direction as a company. For the past 20 years, CTA's experienced IT professionals and ability to consistently meet clients' IT services needs have been the cornerstones of our continued success." About Computer Technology Associates, Inc. Computer Technology Associates, Inc. is an information systems and services company with core competencies in enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. , electronic commerce, legacy system conversion/ migration, program management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects , network management and embedded systems Embedded systems Computer systems that cannot be programmed by the user because they are preprogrammed for a specific task and are buried within the equipment they serve. engineering. Clients range from commercial and federal entities, including major banking institutions, insurance companies, manufacturers, and state and local governments. Computer Technology Associates, Inc. posted revenues of $117 million for FY '98. For more information visit www.cta.com. Computer Technology Associates is a trademark of Computer Technology Associates, Incorporated. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders. |
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