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Article: ECI TELECOM: ECI Telecom announces first quarter 1999 results.

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M2 Presswire
Article date:
May 11, 1999
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M2 PRESSWIRE-11 May 1999-ECI TELECOM: ECI Telecom announces first quarter 1999 results (C)1994-99 M2 COMMUNICATIONS LTD

RDATE:100599

* Pro forma, ECI with Tadiran Telecom, results for 1999 & 1998, Excluding Merger-Related charges -- Net Income up 40% on 15% Increase in Revenues

* On a Standalone Pro forma basis, ECI Earned $45.6M or $0.57 Per Share (Diluted) on Revenues of $212M

PETAH TIKVA, Israel -- ECI TELECOM LTD. (NASDAQ/NM Symbol: ECILF news), today announced consolidated results of operations for the first quarter of 1999.

Revenues for the first quarter increased by 54% to $284,481,000 compared with $184,141,000 for ...

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