Dataflex announces second quarter results.EDISON, N.J.--Nov. 6, 1995--(BUSINESS WIRE)--Dataflex Corporation (Nasdaq:DFLX) announced today that its revenues increased by $49,965,000, or 86.3%, to $107,844,000 for the second quarter ended September 30, 1995, as compared with $57,879,000 for the second quarter ended September 30, 1994. Net income for the quarter decreased by $519,000, or 78.5%, to $142,000, or $0.03 per share, as compared with $661,000, or $0.15 per share, in the second quarter of the prior fiscal year. For the six months ended September 30, 1995, revenues increased by $106,515,000, or 95.4%, to $218,169,000, as compared with $111,654,000 in the prior year six-month period. Net income for the six months ended September 30, 1995 decreased by $730,000, or 61.8%, to $452,000 or $0.08 per share as compared with $1,182,000, or $0.26 per share in the prior year. The decrease in net income for the quarter and six-month period primarily results from substantially higher interest costs associated with additional debt from recent acquisitions and higher levels of working capital. Product revenues, which include desktop computers, printers, displays, LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. products, software and other peripherals, for the six months ended September 30, 1995, increased by $95,025,000, or 94.4% to $195,726,000. Service revenues, which includes consulting, training, networking, on-site maintenance and project management, increased by $11,490,000, or 104.9% to $22,443,000. Revenue increases over the prior period reflect continued growth and the impact of recent acquisitions. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. , representing earnings before interest and income taxes, for the quarter and six-month period ended September 30, 1995, increased by $630,000, or 38.0% and $1,587,000, or 54.7%, to $2,289,000 and $4,486,000, respectively. Richard C. Rose, Chairman and Chief Executive Officer, stated, "Despite the decline in net earnings, this was a good quarter for Dataflex, as we continued to enhance customer satisfaction levels. Our business is in a growth mode, with margins stabilizing and strong prospects for future demand in all products and service lines. Reduction in our overall financing costs remains our number one goal. We are confident that progress in this area and the continued integration of recent acquisitions will produce positive results." Dataflex Corporation, headquartered in Edison, New Jersey Edison Township (usually known as Edison) is a township in Middlesex County, New Jersey, United States. As of the United States 2000 Census, the township had a total population of 97,687, making it at the time the fifth largest municipality in New Jersey. As of the U.S. , has offices in Alameda, Valencia, Anaheim and San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. ; Bensenville, Illinois Bensenville is a village located primarily in DuPage County, Illinois, with a small section near O'Hare International Airport in Cook County, Illinois. As of the 2000 census, the village population was 20,703. ; Wethersfield, Connecticut
New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , 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 . The Company has developed one of the leading on-site computer support service offerings through its MainSiteTM program. Dedicated engineers provide guaranteed, immediate repair and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for personal computers located throughout large corporate headquarters. Dataflex also offers complete systems integration consulting, hardware and software product acquisition, training and project implementation services. -0-
DATAFLEX CORPORATION (Nasdaq: DFLX)
STATEMENT OF OPERATIONS
(Amounts in thousands except share and per share information)
Three Months Ended Six Months Ended
9/30/95 9/30/94 9/30/95 9/30/94
Revenues $107,844 $ 57,879 $218,169 $111,654 Operating Income $ 2,289 $ 1,659 $ 4,486 $ 2,899 Interest Expense $ 2,040 $ 461 $ 3,694 $ 745 Net Income $ 142 $ 661 $ 452 $ 1,182 Net Income per Common Share $ 0.03 $ 0.15 $ 0.08 $ 0.26 Weighted Average Common Shares Outstanding 5,630,000 4,502,000 5,456,000 4,482,000 CONTACT: Richard C. Rose Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dataflex Corporation (908) 321-1100 |
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