Gartner Group corrects items in Operating Results table.--(BUSINESS WIRE)--April 17, 1996--In BW0014 Gartner Group (company) Gartner Group - One of the biggest IT industry research firms. Address: Connecticut, USA. Announces Second Quarter Results, in Operating Results table, items should read: Net Income (sted Net Income Per Common Share) and Earnings Per Common Share (sted Net Income Per Common Share). The corrected table follows: (Dollars in thousands, except per share data) OPERATING RESULTS
Three Months Ended Six Months Ended
Mar. 31, Mar. 31,
1996 1995 % 1996 1995 %
Change Change
Revenues Continuous services $75,006 $54,162 38 $147,013 $108,990 35 Other 15,828 11,377 39 40,296 27,855 45 Total revenues 90,834 65,539 39 187,309 136,845 37 Operating expenses Cost of services and product development 34,122 24,203 41 71,201 51,099 39 Sales and marketing 23,096 18,419 25 48,002 37,944 27 General and administrative 10,974 8,227 33 21,455 17,237 24 Transaction costs -- -- 1,665 -- Depreciation 2,012 1,653 22 4,249 3,355 27 Total costs and expenses 70,204 52,502 34 146,572 109,635 34 Operating contribution 20,630 13,037 58 40,737 27,210 50 Amortization 883 939 (6) 1,655 1,806 (8) Operating income 19,747 12,098 63 39,082 25,404 54 Net interest income 827 363 128 1,629 698 133 Income before min int & taxes 20,574 12,461 65 40,711 26,102 56 Minority interest 25 -- -- -- Income before taxes 20,549 12,461 65 40,711 26,102 56 Provision for income taxes 8,837 5,184 70 17,506 11,190 56 Net income $11,712 $7,277 61 $23,205 $14,912 56 Earnings per common share $0.12 $0.08 50 $0.24 $0.16 50 Weighted average shares outstanding 99,294 93,884 -- 98,412 93,536 -- CONTACT: Gartner Group, Inc. Jennifer Jennifer became a common first name for females in English-speaking countries during the 20th century. The name Jennifer is a Cornish variant of Guinevere, deriving ultimately from Proto-Celtic *windo-seibaro- "white ghost", via Brythonic *wino-hibirā (cf. Schlueter, 203/316-6537 |
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