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Article: Ptek Reports $115.2 Million in Revenues; $0.16 Normalized Diluted EPS from Continuing Operations; Cash Flow from Operations Up 50% to $24.7 Million.
- Article from:
- Business Wire
- Article date:
- October 27, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA -- Ptek Holdings, Inc. (NASDAQ: PTEK)(www.ptek.com), a leading provider of innovative business, data and group communications services, today announced results for the third quarter ended September 30, 2004. Revenues were $115.2 million for the quarter, a 19.9% increase from $96.1 million in the third quarter of 2003. Operating income grew 70.5% in the third quarter of 2004, totaling $18.9 million versus $11.1 million, excluding restructuring charges, in the comparable prior year period. Excluding a positive adjustment to income tax estimates and the benefit of the discounted early retirement of an acquisition payable, normalized income from continuing operations ...