Wiltek Inc.'s Third Quarter Revenues Up 20%.NORWALK Norwalk (nôr`wôk').
1 City (1990 pop. 94,279), Los Angeles co., S Calif.; settled in the 1850s, inc. 1957. With the arrival (1875) of the Southern Pacific RR, it became a center for the dairy and logging industries, but , Conn.--(BUSINESS WIRE)--August 27, 1997--Wiltek Inc. (NASDAQ-WLTK), today announced that revenues for the third quarter of fiscal 1997 ending July July: see month. 31, 1997 were $1,512,000, up 20% over 1996 third quarter revenues which were $1,263,200. Wiltek's revenues for the first nine months of fiscal 1997 were $4,437,600, an 18% increase over the $3,761,700 in revenues recorded for the same period last year.
The first nine months of fiscal 1997 resulted in a net profit of $95,500 or $.02 per share compared to a net profit of $151,000 or $.04 per share during the same period last year. In the third quarter of fiscal 1997, Wiltek recorded a net profit of $11,400 or $.01 per share, compared to a net profit of $58,700 or $.02 per share during the same period last year.
Revenue growth during the first nine months of fiscal 1997 is attributed to increased sales of both consulting, and messaging and directory services. Wiltek consulting activities continue to be focused on Microsoft Backoffice See BackOffice. (R) architecture and software development engagements. In addition to core messaging and directory services Wiltek has recently enhanced its service offering with the formal addition of outsourced management of customer applications and equipment. This includes network and web site hosting as well.
"We continue our strategy of reinvesting capital to build a strong infrastructure as we move toward 1998," said David Teitelman, Wiltek's president. "We are focusing this reinvestment Reinvestment
Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash.
1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. on enhancing service capabilities, technical training, and on our sales and marketing efforts."
Wiltek's outsourced services integrate proprietary and standards- based technology for enterprise-wide intranet implementations. Its messaging services include outsourced global email integration and X.500-based directory synchronization (1) See synchronous and synchronous transmission.
(2) Ensuring that two sets of data are always the same. See data synchronization.
(3) Keeping time-of-day clocks in two devices set to the same time. See NTP. .
The company also provides customized worldwide fax delivery services, and is a Microsoft (Microsoft Corporation, Redmond, WA, www.microsoft.com) The most successful and influential software company. Microsoft's software and Intel's hardware pioneered the PC and revolutionized the computer industry. Solution Provider Partner, offering Microsoft BackOffice consulting.
Wiltek's services are provided to customers worldwide from operations facilities in Norwalk, Connecticut Connecticut, state, United States
Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). , and Swindon, England. -0- All trademarks are the property of their respective owners.
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