Global Village Announces Ninth Consecutive Record-Breaking Quarter; First Quarter Revenues up 80%; Net Income up 53%.SUNNYVALE Sunnyvale, city (1990 pop. 117,229), Santa Clara co., W Calif., near San Francisco; settled 1849, inc. 1912. A city in Silicon Valley, its many manufactures include semiconductors; machinery and instruments; electrical, electronic, and aerospace products; , Calif.--(BUSINESS WIRE)-- July July: see month. 24, 1995--Global Village Communication, 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 :GVIL) today reported record results for the first fiscal quarter ended June 30, 1995. Revenues for the first quarter rose 80 percent to $27.6 million, up from $15.3 million in the same period last year. Net income increased 53 percent to $2.3 million, up from $1.5 million a year ago, and earnings per share increased to 14 cents from 11 cents last year. "We had another excellent quarter," said Neil Selvin, president and 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. of Global Village. "We continued to gain market share in our Macintosh business, build a strong user base in the Windows and OS/2 markets, and sign up new users for our Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the service. In particular, sales of our TelePort Verb 1. teleport - transport by dematerializing at one point and assembling at another science fiction - literary fantasy involving the imagined impact of science on society transport - move something or somebody around; usually over long distances line continued their rapid climb," he said. Sharply higher international sales and increased sales of the OneWorld telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. server product line also contributed to revenue growth in the quarter. Gross margins for the quarter were 45.5 percent, up from 44.5 percent a year ago, reflecting increased software product sales. In addition to the strong financial performance this quarter, Global Village introduced two new products: the TelePort Gold IIv internal telecommunications card and FaxWorks Pro 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. Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. . Continuing Global Village's long-time relationship with Apple Computer, the TelePort Gold IIv is bundled with Apple's newest line of Macintosh Performa The Macintosh Performa series was Apple Computer's consumer product family of Apple Macintosh personal computers from 1992 until 1997, when the introduction of the Power Macintosh x500 ended this product line. 5200 CD and 6200 CD series desktop computers, announced July 14. The card provides Apple's first-time and home office users with speakerphone speak·er·phone n. A telephone or telephone attachment that contains both a loudspeaker and a microphone, allowing several persons to participate in a call at the same time without the telephone receiver being held. Noun 1. , voice mail, fax, and data capabilities. FaxWorks Pro LAN Windows NT is a powerful 32-bit fax solution for local area networks (LANs) that enables every user within an office environment to fax directly from a networked PC as easily as printing. Global Village also introduced a revamped pricing structure for its GlobalCenter Internet service that makes it easy and affordable for small to medium-sized businesses to get on to the Internet. The new structure eliminates the up-front purchase of capital equipment and provides a broad range of GlobalCenter Internet service packages, giving these companies the best options for their individual business needs. In addition, the company's recent agreement with UUNET (UUNET Technologies, Inc., Fairfax, VA, www.uunet.net) Founded in 1987, UUNET was the first commercial Internet service provider. Originally offering e-mail and news, it became a full Internet service organization providing dial-up and leased line accounts as well as archive space for will provide GlobalCenter Internet subscribers with high-speed local dial-up in more than 80 cities nationwide. Roll out is expected in September 1995. The Company Global Village (NASDAQ: GVIL) is a leading supplier of integrated communication products and services for personal computer users. The company's industry-acclaimed offerings include the GlobalCenter Internet service with the GlobalCenter Internet connection package for Windows and Macintosh networks; the FaxWorks family of fax/voice/data software for Windows, OS/2, and DOS; GlobalFax software for Macintosh; TelePort and PowerPort fax/modems for Macintosh desktop and PowerBook computers; and the OneWorld 100 series of fax, remote access and network modem A modem shared by all users in a network. See network access server. servers for Macintosh networks. Internet users Internet user n → internauta m/f Internet user Internet n → internaute m/f can visit Global Village via the company's World Wide Web site, The Village, at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.globalvillage.com. Introduced in January of 1995, the site holds a wealth of information on Global Village and its products and provides users with helpful hints on navigating (networking, hypertext) navigating - Finding your way around. Often used of the Internet, particularly the World-Wide Web. A browser is a tool for navigating hypertext documents. the Internet. -0- GLOBAL VILLAGE COMMUNICATION, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data)
Three Months Ended June 30,
1995 1994
(Unaudited) (Unaudited)
Net revenue $27,611 $15,338
Cost of revenue 15,042 8,508
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Gross profit 12,569 6,830
Operating expenses:
Research and development 3,030 1,591
Marketing and sales 5,050 2,274
General and administrative 1,346 691
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Total operating expenses 9,426 4,556
Income from operations 3,143 2,274
Other income, net 279 159
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Income before income taxes 3,422 2,433
Provision for income taxes 1,095 912
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Net income $2,327 $1,521
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Net income per share $ 0.14 $ 0.11
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Shares used in computing
net income per share 16,507 14,171
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GLOBAL VILLAGE COMMUNICATION, INC. CONDENSED CONSOLIDATED BALANCE SHEET (In thousands)
June 30, March 31,
1995 1995
(Unaudited) (Audited)
ASSETS
Current assets: Cash and short-term investments $25,285 $26,748 Accounts receivable, net 13,004 11,390 Inventories, net 4,625 3,898 Deferred income taxes 2,486 2,486 Other current assets 1,974 1,313
Total current assets 47,374 45,835
Property and equipment, net 7,960 6,420
Other assets 1,401 1,467
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Total Assets $56,735 $53,722
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $11,352 $12,078
Accrued and other liabilities 4,089 4,030
Income taxes payable 1,118 208
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Total current liabilities 16,559 16,316
Stockholders' equity 40,176 37,406 Total liabilities and stockholders' equity $56,735 $53,722 CONTACT: Global Village Communication James Walker James Walker may refer to a number of persons:
jwalker@globalvillage.com or Kathy Bower, 408/523-2260 kathy_bower@globalvillage.com |
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