Computer Telephone reports results for third quarter.WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 10, 1996--Computer 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 $1,175,000 or $0.11 per share, on revenues of $8,150,000 for the third quarter ended Dec. 31, 1995, as compared to a net income of $467,000, or $0.05 per share, on revenues of $5,636,000, for the comparable period of the previous fiscal year. 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 company's strategy of expanding the number of customer relationships, as well as leveraging these relationships by increasing the telecommunications products it provides, should result in continued improvement throughout calendar 1996.
Three Months Ended
Dec. 31, 1995 Dec. 31, 1994
Network service commission income $6,826,572 $4,801,263 Long distance usage revenue 1,323,601 834,728
Total revenue 8,150,173 5,635,991
Net income 1,175,000 466,575 Fully diluted earnings per share 0.11 0.05 Weighted shares outstanding 10,672,928 9,950,707 -0-
Nine months ended
Dec. 31, 1995 Dec. 30, 1994
Network service commission income $19,268,327 $13,323,429 Long distance usage revenue 3,668,316 2,128,744
Total revenue 22,936,643 15,452,173
Net income 2,812,750 936,143 Fully diluted earnings per share 0.27 0.10 Weighted shares outstanding 10,529,669 8,939,163 Earnings per share and weighted shares outstanding for the periods indicated above reflect the 25 percent stock dividend declared on Jan. 18, 1995, the 3-for-2 stock split declared on July 13, 1995, and the 2-for-1 stock split declared on Oct. 10, 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 Telesis
Pacific Telesis Group was one of the seven Regional Bell Operating Companies created after the 1984 breakup of AT&T as a holding company for Pacific Bell and Nevada Bell. , 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 and long distance services on the Cable and Wireless Communications Inc., WilTel and Frontier Networks. CONTACT: Computer Telephone Corp., Waltham John D. Pittenger, 617/466-1302 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion