DSI - Digital Solutions reports profitable first quarter; Revenues Rise 34 Percent.SOUTH PLAINFIELD South Plainfield, borough (1990 pop. 20,489), Middlesex co., NE N.J.; inc. 1926. It is the seat of several research and consulting firms and has plants that make chemicals, plastics, spices and flavorings, cosmetics, rubber products, pigments, electrical machinery, , N.J.--(BUSINESS WIRE)--Feb. 12--DSI - Digital Solutions, Inc. (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 : DGSI DGSI Direction Générale des Stratégies Industrielles (France) ) a leading professional employer organization A professional employer organization (PEO) provides outsourcing of payroll, workers' compensation, human resources and employee benefits administration. It does this by hiring a client company’s employees, thus becoming their employer of record. (PEO) and provider of human resources management services, today reported gains in revenues and net income for the first quarter ended Dec. 31, 1996. Net income for the three months was $201,000, or one cent per share compared with net income of $392,000 or three cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. for the same period last year. Revenues for the quarter rose 34 percent to $30,885,000 from $23,090,000. George J. Eklund, chief executive officer, said, "We are particularly pleased to be profitable for the first quarter of fiscal 1997. DSI (Dynamic Systems Initiative) An umbrella term for a suite of Microsoft products that help manage the Windows environment in large enterprises. DSI was introduced in 2003. is the strongest it has ever been, operationally, and we are very optimistic that the steps we have taken to strengthen the company will put DSI on a sustainable course of revenue and earnings growth. -0-
DIGITAL SOLUTIONS, INC. AND SUBSIDIARIES
Financial Highlights (Unaudited)
For the Three Months Ended
12/31/96 12/31/95
Operating revenues $30,885,000 $23,090,000
Income from operations 275,000 416,000
Income before income taxes 201,000 392,000
Income tax -
Net income 201,000 392,000
Earnings per share $.01 $.03
Common and common equivalent
shares 20,097,204 14,280,774
CONTACT: L. B. Stauffer Porter, Le Vay & Rose Inc. 212/564-4700 or DSI - Digital Solutions George J. Eklund Chief Executive Officer (908) 561-1200 |
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