Computer Telephone reports results for second quarter and announces a two-for-one stock split.Telephone 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 :CPTL CPTL Compagnie des Pétroles Total Libye (Total SA Group Affiliates) CPTL Center for Trade Policy and Law (Carleton University; Ottawa, Canada) ) today announced net income of $948,000, or $0.18 per share, on revenues of $8,070,000 for the second quarter ended Sept. 30, 1995, as compared to a net income of $333,000, or $0.08 per share, on revenues of $5,397,000, for the comparable period of the previous fiscal year. Additionally, the company announced that the board of directors has declared a two-for-one stock split, in which each shareholder of record at the close of business on Oct. 23, 1995 will receive one additional share for each share owned. The payable date will be on or about Nov. 6, 1995. Robert Fabbricatore, chairman and chief executive officer of Computer Telephone Corp., stated that the increases in revenue and net income reflect continued growth in both product sales and long distance revenues, as well as the increased development of new customer relationships in the core business area of the Northeast. Fabbricatore further stated that the decision to declare the stock split was based on the increases in sales and earnings reflected in the nine consecutive profitable quarters for the company, and management's confidence that this trend should continue. -0-
THREE MONTHS ENDED
Sept. 30, 1995 Sept. 30, 1994
Network Service Commission Income $6,774,329 $4,649,927 Long Distance Usage Revenue 1,296,139 747,550
Total Revenue 8,070,468 5,397,477
Net Income 948,500 332,968 Fully Diluted Earnings per share 0.18 0.08 Weighted Shares Outstanding 5,287,773 4,291,852
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SIX MONTHS ENDED
Sept. 30, 1995 Sept. 30, 1994
Network Service Commission Income $ 12,441,755 $ 8,522,166 Long Distance Usage Revenue 2,344,715 1,294,016
Total Revenue 14,786,470 9,816,182
Net Income 1,637,750 469,568 Fully Diluted Earnings per share 0.31 0.11 Weighted Shares Outstanding 5,230,073 4,216,695-0- Earnings per share and weighted shares outstanding for the periods indicated above reflect the 25 percent stock dividend declared on Jan. 18, 1995 and the 3-for-2 stock split declared on July 13, 1995. Computer Telephone Corp. is principally engaged in the marketing of network services including discounted telephone calling plans, 800 service, Centrex and Data Networks, and performs other account management services, as an authorized agent for NYNEX NYNEX New York-New England & X for the Unknown (Telephone Company) NYNEX New York Network Exchange New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. , Southern New England Telephone The Southern New England Telephone Company (commonly referred to as SNET by its customers) started operations on January 27, 1878 as the District Telephone Company of New Haven. It was the founder of the first telephone exchange, as well as the world's first telephone book. (SNET n. 1. The fat of a deer. v. t. 1. The clear of mucus; to blow. ), NYNEX New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Pacific Bell Telephone, Ohio Bell The Ohio Bell Telephone Company is the Bell Operating Company serving most of Ohio. They are a wholly owned subsidiary of AT&T Inc. Their headquarters are the Ohio Bell Building at 750 Huron Road, Cleveland, Ohio. Telephone, Southwestern Bell
Southwestern Bell Telephone, L.P. Telephone, Bell South Telecommunications Inc. and long distance services on the Cable and Wireless Communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. Inc., WilTel and Frontier Networks. CONTACT: Computer Telephone Corp. John D. Pittenger, 617/466-1302 |
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