Perot Systems Reports a 50% Earnings Per Share Increase

for the Second Quarter Dallas (PROTEXT)

Perot Systems Corporation (NYSE: PER) reported for its second quarter, ended June 30, 1999: -- Earnings per share (diluted) of $.15 as compared to $.10 per

share for the same quarter in 1998, an increase of 50%. -- Net income for the quarter of $16.9 million versus $10.1

million for the same period in the prior year, an increase of

67%. -- Revenue for the quarter was $282.3 million, an increase of 18%

over revenue of $238.6 million reported in the same period for

1998. -- Operating (EBIT) margin of 9.1%, Pretax Income margin of

10.0%, and Net Income margin of 6.0% were all-time highs. -- Cash balances grew to $207.9 million, from $68.3 million as of

June 30, 1998, an increase of $139.6 million or 204%. For the six months ended June 30, 1999, Perot Systems reported: -- Earnings per share (diluted) of $.29 as compared to $.20 per

share for the same period in 1998, an increase of 45%. -- Net income of $33.1 million versus $19.1 million for the same

period in the prior year, an increase of 73%. -- Revenue of $556.6 million, an increase of 23% over revenue of

$452.7 million reported in the same period for 1998.

Perot Systems Corporation

Income Statement and Balance Sheet Highlights

Quarter and Six Months Ended June 30, 1999

(Millions of USD, except per share amounts)

Quarter Ended June 30

1998 1999 % Change Revenue $238.6 $282.3 18% EBIT 16.8 25.8 54% Net Income 10.1 16.9 67% Earnings Per Share (diluted) $.10 $.15 50%

Six Months Ended June 30

1998 1999 % Change Revenue $452.7 $556.6 23% EBIT 31.8 50.6 59% Net Income 19.1 33.1 73% Earnings Per Share (diluted) $.20 $.29 45%

As of June 30

1998 1999 % Change Cash $68.3 $207.9 204% Total Assets 331.6 523.4 58% Total Liabilities 216.1 216.6 --- Stockholders' Equity 115.5 306.8 166% Perot Systems, based in Dallas, Texas, is a leading information technology services and business solutions company with revenues of approximately $994 million for 1998. Perot Systems serves clients in various industries including financial services, healthcare, energy, and travel & transportation, with more than 6,000 employees in North America, Europe, and Asia. ots Original Text Service: Perot Systems Corporation Internet: http://www.newsaktuell.de Contact: Kim Testa of Perot Systems Corporation Tel.: (USA) 972-340-6727 or Fax: (USA) 972-340-6788 or email: Kim.Testa@ps.net Web site: http://www.perotsystems.com

Klíčová slova Perot Systems Corporation

Oblast
USA, Kanada, OSN, svět a Arktida (us)

Kategorie

ZASÍLÁNÍ ZPRÁV
Přihlásit k odběru

Upozornění:
Materiály označené značkou Protext nejsou součástí zpravodajského servisu ČTK a nelze je publikovat pod její značkou. Jde o komerční sdělení zadavatele, který je ve zprávě označen a který za ně nese plnou odpovědnost.