Harris Computer Systems Corp. reports strong revenue results for Trusted Systems Division.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--May 13, 1996--Harris Computer Systems 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 :NHWK) Monday reported sales of $13.1 million for the second quarter ended March 30, 1996, compared with $12.5 million for the quarter ended Dec. 31, 1995. Loss after tax for the quarter was $1.8 million, or $0.31 per share, compared with a loss of $1.5 million, or $0.25 per share, for the Dec. 31, 1995 quarter. The second quarter loss included a $.8 million after tax charge for professional fees resulting from the expected real-time asset sale to Concurrent Computer Corp. Trusted Systems In the security engineering subspecialty of computer science, a trusted system is a system that is relied upon to a specified extent to enforce a specified security policy. As such, a trusted system is one which failure may break a specified security policy. revenue increased 44% over the prior quarter. Revenue for firewall division was $2.6 million in the second quarter, compared with $1.8 million for the previous quarter. The division booked over $3 million in firewall orders. More than 60 CyberGuard(tm) Firewalls shipped during the second quarter, which doubled first quarters performance. 80 percent of the CyberGuards shipped went to commercial customers which included among others, banks and financial institutions, entertainment companies, big six accounting firms, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , hospitals and systems integrators. E. Courtney Siegel, chairman, president and chief executive officer stated: "We are pleased with our CyberGuard performance. I believe the hiring of Bob Carberry and the establishment of the Trusted Systems management team will position the company to take full advantage of the network security market and its opportunity for growth once the transaction with Concurrent Computer is completed. We expect the transaction to close in the mid to late June time frame." Robert L. Carberry, soon to succeed Siegel as chairman, president and chief executive officer added: "From an emerging market point of view, there is significant opportunity in the Internet and intranets for firewall-like activities. It is our plan to continue this growth path as we transition to a new company solely focused on network security solutions." The Trusted Systems performance was a result of increased leads, increased distribution channels and CyberGuard's strong performance in recent firewall product comparisons in various trade journals. Value-added resellers A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. and manufacturers representatives contributed over 50 percent of the Trusted Systems revenue this quarter. The Division also increased penetration in international markets during the quarter, especially in the Asia-Pacific rim where Japan and Korea lead the way as the Internet continues to become a integral part of doing business. The Real-time Systems Real-time systems Computer systems in which the computer is required to perform its tasks within the time restraints of some process or simultaneously with the system it is assisting. Division posted revenue of $10.5 million for the quarter, compared with $10.6 million for the prior quarter. New accounts in the flight simulation area were established and increased activity in the IDACS IDACS Indiana Data and Communications System (State of Indiana) IDACS Integrated Damage-Adaptive Control System IDACS International Doll Artists and Collectors Society IDACS Insulated Diesel Advanced Combustion System marketplace contributed to this quarter s results. The introduction of the new Night Hawk 6400, the world's first 6U VME (Virtual Machine Environment) An operating system from Fujitsu Services (formerly ICL) that runs on its Series 39 mainframes. Introduced in 1975, VME is a comprehensive product that provides a variety of utilities for datacenter operations. , PowerPC(tm)-based, Symmetric Multiprocessing See SMP. (parallel) symmetric multiprocessing - (SMP) Two or more similar processors connected via a high-bandwidth link and managed by one operating system, where each processor has equal access to I/O devices. Computer, will offer customers unparalleled performance. Harris Computer Systems Corp., a worldwide corporation headquartered in Fort Lauderdale, is a leading supplier of high-performance real-time and multi-level secure computer systems, solutions and software for commercial and government markets. The Real-time Systems Division designs, manufacturers and markets the Night Hawk(r) series of real-time computers for simulation, data acquisition and control applications as well as the Power Hawk(tm) system for entry level real-time applications. The Trusted Systems Division designs, manufacturers and markets trusted computing Trusted Computing (also abbreviated TC) is a technology developed and promoted by the Trusted Computing Group. The term is taken from the field of trusted systems and has a specialized meaning. solutions including multi-level secure operating systems The term "secure operating system" is a misnomer. Relevant articles include:
Comparison Income ($K) For 3 Months Ending March 30, 1996 Dec. 29, 1995 $ % $ % Sales: Equipment $9,822 74.9% $9,120 73.3% Maintenance 3,292 25.1% 3,330 21.7% Total sales $13,114 100.0% $12,450 100.0% Cost of sales: Equipment 5,239 39.9% 4,812 52.8% Maintenance 1,679 12.8% 1,600 48.0% Total cost of sales $6,918 52.8% $6,412 51.5% Gross margin $6,196 47.2% $6,038 48.5% Other operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. : Research and development 1,722 13.1% 1,858 15.0% Sales, G&A 5,535 42.2% 5,731 46.0% Transaction Expense 820 6.2% -- -- Total other operating expenses $8,079 61.5% $7,589 61.0% 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. (loss) ($1,881) (14.3%) ($1,551) (12.5%) Interest income/(expense) 68 0.5% 87 .7% Other income/(expense) (3) -- (1) -- Income before taxes ($1,810) (13.8%) ($1,465) (11.8%) Provision for Taxes 0 0 0 0 Net Earnings/(loss) ($1,810) (13.8%) ($1,465) (11.8%) Earnings per share ($.31) ($.25)
Note to Editors: Night Hawk is a registered trademark, CyberGuard
and PowerHawk are trademarks of Harris Computer Systems Corp. For
additional company or product information via fax, please call
800/344-4297
CONTACT: Harris Computer Systems Corp., Fort Lauderdale Beth Alonzo, Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. , 305/973-5100 |
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