Tivoli Systems Inc. reports 1995 second quarter results.AUSTIN, Texas--(BUSINESS WIRE)--July 27, 1995--Tivoli Systems Inc. today reported revenues of $11.3 million for the second quarter ended June 30, 1995 compared to revenues of $6.2 million for the second quarter of 1994.
Net income for the quarter was $1.3 million or $0.08 per share. For the corresponding quarter in 1994, the company reported net income of $0.3 million or $0.03 per share.
Revenues for the six months ended June 30, 1995 were $20.5 million, compared to $11.0 million for the same period in 1994. Net income for the six months ended June 30, 1995 was $1.7 million or $0.11 per share, up from $0.6 million or $0.04 per share for the same period of 1994. The following table provides additional detail on Tivoli's second quarter and first half results (in thousands, except per share data): -0-
Quarter Ended Six Months Ended June 30 June 30 -------------- --------------- Percent Percent 1995 1994 Increase 1995 1994 Increase
Revenues $11,252 $6,231 81% $20,537 $10,988 87% Operating Income $ 1,025 $ 344 198% $ 1,546 $ 596 159% Net Income $ 1,260 $ 348 262% $ 1,717 $ 596 188% Net Income per share $ 0.08 $ 0.03 167% $ 0.11 $ 0.04 175%
"We are pleased with the results achieved in the second quarter," said Frank Moss Frank Moss may refer to:
The profit realized from a business' own operations.
This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. to more than $1 million and more than 9% of revenues, we continued to make strategic investments in our business, specifically in our technical support, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , and international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. .
"We have continued to enjoy success in winning customers in competitive situations as TME 2.0 gains acceptance in multi-vendor, distributed, client/server environments," added Moss. "Recent customers include BellSouth Telecommunications, LSI LSI: see integrated circuit.
(Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. Logic, Nova Gas Transmission, Medaphis Physician Services and Pacific Bell."
During the second quarter, Tivoli gained significant industry support for TME. Tivoli joined Oracle Corporation and DBMX Ltd. in a three-way marketing agreement that will make TME-based database administration for Oracle customers available through a solution to be developed by DBMX. This relationship, together with TME-based database administration tools marketed by Sybase and Informix, provides Tivoli coverage of all three leading RDBMS (Relational DataBase Management System) See relational database and DBMS.
RDBMS - relational database vendors.
In April, Tivoli launched its applications management strategy by announcing the Applications Management Specification (AMS AMS - Andrew Message System ), which is intended to provide a consistent, standard way for creating, "management-ready" client/server applications that automatically connect to TME. Eight leading application development tools vendors including Dynasty, Forte, Informix, Intersolv, Sybase/Powersoft, Oracle, Softool, and Unify, have announced that they support the strategy and will incorporate AMS compatibility into future versions of their products. Tivoli also announced that it expects to provide AMS compatibility for SAP AG's R/3 system in the third quarter of 1995. "We are delighted with the rapid and enthusiastic reception that AMS has received from the industry," indicated Moss. "We believe we are well positioned to play a leadership role in overcoming one of the last major barriers to the widespread deployment of mission-critical client/server systems -- managing users' applications."
Tivoli Systems Inc. (NASDAQ NASDAQ
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TIVS Taiwan Immunization Vision and Strategy ) is a leading supplier of systems management software and services for managing distributed client/server environments. The company's product family, the Tivoli Management Environment, is used by Fortune 1000 companies worldwide to make client/server work by removing systems management as a barrier to success. Headquartered in Austin, Texas, Tivoli distributes its products worldwide through a network of domestic and international sales offices, international distributors and systems integrators. -0-
NOTE TO EDITORS: Tivoli Management Environment is a trademark of Tivoli Systems Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
CONTACT: Tivoli Systems Inc.
James R. Offerdahl, 512/794-9070