Computron Software Reports Third Quarter Profit.RUTHERFORD, N.J.--(BUSINESS WIRE)--Oct. 30, 1998--Computron Software, Inc. (AMEX AMEX
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CFW Continuous Fillet Weld (engineering) ) today reported its financial results for the quarter ended September 30, 1998. The Company reported third quarter revenues of $16.2 million, an increase of 0.3 percent from $16.1 million for the same quarter last year. For the nine-month period ended September 30, 1998, the Company reported revenues of $46.0 million as compared to $49.7 million in the corresponding prior year period. The Company reported operating income Operating Income
The profit realized from a business' own operations.
This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. and net income for the quarter of $145,000 and $52,000 respectively compared to operating and net losses of $1.2 million and $7.9 million for the same period in 1997. Net loss for the nine months was $9.4 million as compared to $11.4 million during the 1997 period.
Commenting on the results, President and Chief Executive Officer, John Rade John Rade, (born August 31, 1960, in Ceres, California) was a linebacker in the NFL from 1983 to 1991. noted, "As a result of a reengineering effort begun in prior quarters to eliminate redundant costs, coupled with the signing of many new clients from around the globe, the Company has stabilized its operations." Rade continued, "We are extremely pleased with the performance of our professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. organization. Demand for these services are at an all time high as new customers are implementing software recently purchased, as well as a significant number of our installed base customers are upgrading to take advantage of enhancements in our latest software release. Many of these features were highlighted at our recent 1998 International Users Conference which was highly praised by the attendees and set attendance records over previous user conferences."
New customer contracts signed during the third quarter included such firms as JDA Software JDA Software Group, Inc. is a demand and supply chain partner to the world’s leading retailers, manufacturers and suppliers and is located in Scottsdale, AZ. History
Jim Armstrong, co-founded the U.S.-based JDA Software in 1985. , American Horizon, Mellon Mortgage (a division of Mellon Bank), First Islamic Investment Bank, Recall Telecommunications and Goodman Fielder This article is about the food manufacturer. For the butterfly, see Theclinae.
Goodman Fielder is a manufacturer, marketer and distributor of bread, small goods, dairy products, margarine, oil, dressings and various food ingredients. .
Computron Software, Inc. Background Information
Founded in 1978, Computron Software, Inc. is an international software company that designs, markets, and supports n-tier client/server-based financials, workflow, COLD, (Computer Output to Laser Disk Computer Output to Laser Disk - Enterprise Report Management ), and maintenance and asset management software solutions. Computron products are interoperable across most major UNIX architectures, as well as, on Microsoft Windows See Windows.
(operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. NT. The Company has offices and distributors in 14 countries in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia, Australia and Africa. For further information on Computron, its products and services, visit the Computron website at http://www.computronsoftware.com -0-
COMPUTRON SOFTWARE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 1997 1998 1997 1998 Revenues: License fees $ 3,763 $ 3,233 $ 14,275 $ 10,612 Services 12,336 12,922 35,421 35,386 Total revenues 16,099 16,155 49,696 45,998 Operating expenses: Cost of license fees 534 705 1,421 2,515 Cost of services 7,085 6,695 20,518 20,957 Sales and marketing 3,085 2,959 11,466 11,318 Research and development 2,573 2,205 7,369 7,216 General and administrative 4,005 3,446 11,798 12,014 Restructuring costs -- -- -- 1,311 Total operating expenses 17,282 16,010 52,572 55,331 Operating income (loss) (1,183) 145 (2,876) (9,333) Other income (expense): Costs related to class action litigation (6,912) -- (9,185) (40) Other income 166 109 714 372 Other expense (18) (202) (82) (385) Other expense, net (6,764) (93) (8,553) (53) Net income (loss) $ (7,947) $ 52 $(11,429) $ (9,386) Basic and diluted net income (loss) per common share $ (0.38) $ -- $ (0.55) $ (0.39) Weighted average basic and diluted common shares outstanding 20,819 23,791 20,822 23,788
The unaudited financial information included in this document is intended only as a summary provided for your convenience, and should be read in conjunction with the complete financial statements of the Company (including the Notes thereto, which set forth important information) contained in its Reports on Form 10-K Form 10-K
A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.
See 10-K. and 10-Q filed by the Company with the U.S. Securities and Exchange Commission (SEC). Such reports are available on the public EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. electronic filing system maintained by the SEC.
This press release contains forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Such statements are only predictions, and actual events or results may differ materially. All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the Company's documents and reports filed from time to time with the Securities and Exchange Commission.