Document Sciences announces estimated fourth quarter results.SAN DIEGO--(BUSINESS WIRE)--Jan. 6, 1997--Document Sciences 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 :DOCX) Monday announced that revenues for the fourth quarter are expected to be between $4.6 million and $4.7 million, compared with $4.0 million reported for the fourth quarter of 1995 and $4.1 million reported for the immediately preceding third quarter of 1996. Net income is expected to be approximately $640,000 (or 6 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. ) compared with $802,000 (or 10 cents per share) for the same quarter a year ago and $333,000 (or 4 cents per share) for the immediately preceding quarter. For 1996, total revenues will be approximately $15.1 million and net income will be approximately $1.2 million (or 12 cents to 13 cents per share) compared with total revenues of $10.5 million and net income of $1.05 million (or 12 cents per share) in 1995. Tony Domit, president and chief executive officer, said, "While we did not experience the customary fourth quarter seasonality of previous years, we are confident in the fundamental strength of the company's business as reflected in our record fourth quarter revenues as well as over 40 percent revenue growth for all of 1996." Final financial results for the fourth quarter and for 1996 will be announced on Jan. 27, 1997. Document Sciences provides a family of document automation software and services used in high volume electronic publishing An umbrella term for non-paper publishing, which includes publishing online or on media such as CDs and DVDs. applications. Autograph autograph Any manuscript handwritten by its author; in common usage, a handwritten signature. Aside from its value as a collector's item, an early or corrected draft of a work may show its stages of composition or “correct” final version. , the company's document automation software architecture, enables personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. and customized publishing solutions for many industries including insurance, managed health care, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , manufacturing/distribution, government agencies and commercial print service bureaus. The company's products enable an important form of communication between organizations and customers by employing enterprise database assets to produce high-quality documents that are ready to print, view on demand and distribute in high volume. The company's products are used in a wide array of computer environments from client/server to large computer systems. At present, more than 550 end user customers use the company's products worldwide. For more information about Document Sciences, visit Document Sciences' Web site at http://www.docscience.com . CONTACT: Document Sciences Corp., San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Barbara Amantca, 619/625-2000 |
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