Corporate Profile for CBT Group PLC, dated June 19, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: June 19, 1998
Company Name: CBT Group PLC
Address: 1005 Hamilton Court
Menlo Park, CA 94025
Main Telephone
Number: 650/614-5900
Internet Home
Page Address
(URL) http://www.cbtsys.com
Chief Executive
Officer: James J. Buckley
Chief Financial
Officer: Richard Okumoto
Investor Relations
Contact: Janet Taddeo
Business number: 650/614-5900
Public Relations
Contact: Cindy McCaffrey/Vice President Corporate Relations
Business number: 650/614-5962
Trading Symbol/
Exchange: CBTSY
Industry: Training (Software & Programming)
Market Makers: BT Alex Brown
BancAmerica Robertson Stephens
Goldman, Sachs International
Goodbody Stockbrokers
NationsBanc Montgomery Securities
Hambrecht & Quist
William Blair & Co.
Salomon Smith Barney
Company description: CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. Group PLC develops a comprehensive library of interactive education software titles, covering a range of client/server, mainframe, Internet, and intranet technologies. CBT Group's products, which represent thousands of hours of interactive technology instruction, are used by more the world's leading corporations to train employees to apply mission-critical technologies in the workplace. CBT Group reported revenues of $118.6 million in 1997, a 61 percent increase from $73.6 million in 1996. Net income before deducting after-tax costs of acquisitions was $23.5 million or $1.13 per American Depositary Share American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. , an increase of 91 percent over net income, before deducting after-tax costs of acquisitions, of $12.3 million or $0.62 per American Depositary Share in 1996. Reported net income for 1997 was $22.2 million or $1.06 per American Depositary Share, compared to $11.8 million or $0.59 per American Depositary Share in 1996. Results for all periods have been restated to reflect pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. acquisitions made in 1996 and 1997. During 1997, CBT Group grew its backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. , which is firmly contracted business that has not yet been recognized as revenue, to just over $110 million, representing an 82 percent increase over the $60.3 million in backlog at the end of 1996. Headquartered in Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif., CBT Group also works with the information technology industry's leading companies, including Cisco, Informix, Intel, the Internet Security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. Courseware Educational software. See CBT and OpenCourseWare. (application) courseware - Programs and data used in Computer-Based Training. Curriculum, Lotus, Marimba marimba: see xylophone. marimba Xylophone with resonators under each bar. The original African instrument uses tuned calabash resonators. In Mexico and Central America, where it was brought by African slaves, the wooden bars may be affixed to a , Microsoft, Netscape, Novell, Oracle, Powersoft, SAP, TIBCO TIBCO The Information Bus Company , and the IBM-Netscape-Sun Microsystems collaborative Java education effort to develop and market vendor-specific, certification-level training courseware.
CONTACT: CBT Group PLC
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