Printer Friendly

INTERSOLV, INC. REPORTS PRELIMINARY

 ROCKVILLE, Md., Feb. 4 /PRNewswire/ -- Based upon preliminary estimates, INTERSOLV, Inc. (NASDAQ: ISLI), expects revenues and earnings for the third quarter ended Jan. 31, 1993, to be lower than the previous year's comparable quarter. The company expects to report revenues in the range of $20.0 to $20.3 million with earnings per share of approximately 1 cent to 3 cents.
 Kevin J. Burns, INTERSOLV's president/CEO, said: "At the very end of the quarter, approximately $4 million in anticipated international revenue was not realized. This revenue shortfall impacted all product lines evenly. Domestic business came in substantially as expected, but was not strong enough to compensate for the weakness in the international sector."
 INTERSOLV shall be holding a conference via telephone at 8:30 a.m., Friday, Feb. 5, to discuss this release. To learn about participating in this conference, call 301-230-3201.
 INTERSOLV specializes in desktop development tools which enable customers to build information systems faster and more cost effectively. INTERSOLV's products operate on IBM PCs and Local Area Networks (LANS). INTERSOLV's corporate offices are located at 3200 Tower Oaks Blvd. in Rockville, a suburb of Washington.
 -0- 2/4/93
 /CONTACT: Kevin J. Burns, president/CEO, 301-230-3201, or Kenneth A. Sexton, vice president-finance/CFO, 301-230-3210, both of INTERSOLV, Inc./
 (ISLI)


CO: INTERSOLV, Inc. ST: Maryland IN: CPR SU: ERN

KD -- DC045 -- 3235 02/04/93 17:28 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:Feb 4, 1993
Words:230
Previous Article:UNIVERSAL CORPORATION DECLARES QUARTERLY DIVIDEND
Next Article:USAIR TO OFFER ORLANDO-SAN JUAN NONSTOP SERVICE
Topics:


Related Articles
INTERSOLV, INC., REPORTS SECOND QUARTER OPERATING RESULTS
INTERSOLV, INC. REPORTS FIRST QUARTER OPERATING RESULTS; EARNINGS PER SHARE INCREASED 25 PERCENT
INTERSOLV, INC. REPORTS FIRST QUARTER OPERATING RESULTS; EARNINGS PER SHARE INCREASED 25 PERCENT
INTERSOLV, INC., REPORTS THIRD QUARTER OPERATING RESULTS; EPS $0.02/SHARE BEFORE WRITE-OFF OF CAPITALIZED SOFTWARE
INTERSOLV REPORTS SECOND QUARTER RESULTS; EARNINGS PER SHARE INCREASED 8 PERCENT
INTERSOLV REPORTS FIRST QUARTER OPERATING RESULTS; PROFITS DOUBLED ON 37% REVENUE GROWTH
INTERSOLV REPORTS FIRST QUARTER RESULTS; OPERATING EPS UP 38% ON 20% REVENUE GROWTH
INTERSOLV REPORTS THIRD QUARTER FISCAL 1996 RESULTS; EPS UP 38 PERCENT ON NET INCOME INCREASE OF 41 PERCENT
INTERSOLV ANNOUNCES PRELIMINARY FOURTH QUARTER RESULTS
INTERSOLV Reports Third Quarter Revenue Up 8%; PVCS Revenue Grew 34%

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters