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Article: Applied Computer Technology Reports First Quarter, 1997 Financial Results; Expansion and Start-Up Milestones Achieved
- Article from:
- PR Newswire
- Article date:
- June 6, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. 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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FORT COLLINS, Colo., June 6 /PRNewswire/ -- Applied Computer Technology, Inc. (Nasdaq: ACTI), a respected provider of complete, customized information system solutions to performance-driven businesses, institutions and public organizations, today reported financial results for the quarter ended March 31, 1997.
Net revenues for the quarter ended March 31, 1997 were $4,798,000 as compared with net revenues of $3,643,000 for the same quarter last year. The net loss for the quarter ended March 31, 1997 was $859,000 or $0.28 per share, versus net income of $52,000 or $0.01 per share, for first quarter, 1996.
In commenting on these results, Bud ...