Printer Friendly

ATM SYSTEMS REPORTS RECORD FISCAL 1993 RESULTS; SALES UP 290 PERCENT FOR FOURTH QUARTER

 RICHARDSON, Texas, Dec. 7 /PRNewswire/ -- Automated Telephone Management Systems Inc. (ATMS Series A Cumulative Convertible Preferred) announced today a 290 percent increase in fiscal fourth quarter sales and an 87 percent rise in sales for the fiscal year ended Sept. 30, 1993.
 "Having surpassed our objectives for fiscal 1993, we believe we are in an excellent position to achieve significant growth in fiscal 1994," said Akhil Chandoke, president and chief executive officer.
 For the quarter just ended, net income was $243,562, or $.11 per share, on revenues of $1,894,466, compared to net income of $19,608, or $.02 per share, on revenues of $486,124 reported for the same period last year.
 For the year, net income was $735,973, or $.40 per share, on revenues of $4,894,710, compared to net income of $249,191, or $.17 per share, on revenues of $2,622,194 reported for fiscal 1992.
 The significant rise in sales and net income were attributed, in part, to the company's expansion of its customer base and because of lower hardware component costs.
 Chandoke added, "For fiscal 1994, the company will continue to concentrate on expanding its market share and on improving its products."
 ATM Systems designs, markets and provides maintenance support for both inbound and outbound computerized telephone call processing systems utilizing the company's proprietary software programs.
 AUTOMATED TELEPHONE MANAGEMENT SYSTEMS INC.
 Financial Summary
 Three Months Ended
 9/30/93 9/30/92
 Sales $1,894,466 $486,124
 Net income 243,562 19,608
 Net income per share .11 .02
 Average shares outstanding 2,235,363 1,500,000
 Fiscal Year Ended
 9/30/93 9/30/92
 Sales $4,894,710 $2,622,194
 Net income 735,973 249,191
 Net income per share .40 .17
 Average shares outstanding 1,830,000 1,500,000
 -0- 12/7/93
 /CONTACT: Andrea Van Leeuwen of Carl Thompson Associates, 303-494-5472/


CO: Automated Telephone Management Systems Inc. ST: Texas IN: TLS SU: ERN

LS-JL -- LA006 -- 1155 12/07/93 09:00 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 7, 1993
Words:340
Previous Article:AIR METHODS ANNOUNCES ADDITIONAL AIR MEDICAL AIRPLANE CONTRACT WITH P/SL SWEDISH HEALTHCARE SYSTEMS OF DENVER
Next Article:REGIS CORPORATION COMPLETES PURCHASE OF TRADE SECRET CHAIN
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters