|
|
Article: -LEGATO: Legato announces record third quarter 1998 results.
- Article from:
- M2 Presswire
- Article date:
- October 16, 1998
CopyrightCOPYRIGHT 1998 Normans Media Ltd. 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)
|
M2 PRESSWIRE-16 October 1998-LEGATO: Legato announces record third quarter 1998 results (C)1994-98 M2 COMMUNICATIONS LTD
RDATE:151098
-- Revenues grow 71%, net income grows 86%, and earnings per share increases 82% (excluding one-time charges)
Legato Systems, Inc., a leader in the enterprise storage management software market, announces revenue of $37.5 million for the third quarter ended September 30, 1998, representing growth of 71% over third quarter 1997 revenues.
Excluding $0.6 million of non-recurring charges associated with the Software Moguls acquisition announced on July 30, 1998, net income grew 86% to $7.9 million, compared with $4.3 million in the ...