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Article: Inter-Tel Announces First Quarter Results and Record Revenues.
- Article from:
- PR Newswire
- Article date:
- April 25, 2000
CopyrightCOPYRIGHT 2000 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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PHOENIX, April 25 /PRNewswire/ --
Inter-Tel, Incorporated (Nasdaq: INTL) today announced operating results for the first quarter ended March 31, 2000. Net sales for the first quarter reached a record $96.4 million, an increase of 47.1% over net sales of $65.5 million for the first quarter of 1999. Net income for the first quarter ended March 31, 2000 was $2.1 million ($0.08 per diluted common share), excluding a charge for in-process research and development costs, compared to net income of $5.1 million ($0.19 per diluted common share) for the first quarter of 1999. Including the charge, the net loss for the first quarter was $1.5 million (net loss of $0.05 per ...
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