home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
Software Vault: The Gold Collection
/
Software Vault - The Gold Collection (American Databankers) (1993).ISO
/
cdr28
/
artisoft.zip
/
!CC3RDQ.TXT
< prev
next >
Wrap
Text File
|
1993-03-08
|
3KB
|
62 lines
{FOR IMMEDIATE RELEASE
{Contact: Bob Fitzpatrick,
{Director of Investor Relations
{Voice: 602/690-3558
{Fax: 602/293-8065
{MCI Mail: FITZP
{ARTISOFT'S SALES, NET INCOME AND EARNINGS PER SHARE AT
{RECORD LEVELS IN QUARTER ENDED MARCH 31, 1992
(TUCSON, Ariz. -- April 16, 1992) -- Artisoft, Inc.
announced today that its sales, net income, and earnings per
share were at record levels for the three months ended March
31, 1992, the third quarter of the company's current fiscal
year.
Sales for the period were $20,274,000, an increase of 96
percent over the $10,354,000 recorded in the same quarter a
year earlier.
Net income, at $3,588,000, was 71 percent above last year's
$2,098,000 for the same period. Per share earnings for the
1992 quarter, at 21 cents, also a record high, were 40
percent above the 15 cents recorded a year earlier.
C. John Schoof II, Artisoft's President and CEO, said the
improved earnings were the result of a greater penetration
of Artisoft products in the local area network market. He
attributed the success to greater appreciation of Artisoft
products by buyers of networking systems. During the
quarter, Artisoft introduced LANtastic(R) version 4.1, an
improved version of its award-winning LANtastic network
operating system.
In the first nine months of the 1992 fiscal year, sales, net
income and earnings per share have already exceeded the
levels achieved for all of fiscal 1991.
Sales for the nine months ended March 31, 1992, were
$51,787,000, an increase of 82 percent over the $28,481,000
reported for the same nine months a year earlier. Earnings
for the first nine months, at $8,999,000, were 90 percent
above the $4,728,000 earned in the year earlier period.
Earnings per share for the current fiscal year to date were
55 cents compared to 34 cents for the year earlier period.
Artisoft develops and manufactures a full line of hardware
and software for local area networks including the LANtastic
Local Area Network. The LANtastic network is recognized as
the leader in the DOS-based peer-to-peer network market and
has won numerous industry awards for its cost-effective
features, performance and ease of use. It allows up to 300
users of IBM(R)-compatible computers to connect and share information and peripheral devices such as printers, hard
drives and CD-ROMs. The LANtastic network and Artisoft's
other connectivity products are distributed in over 70
countries worldwide.
For more information about Artisoft or its product line,
contact Artisoft, Inc. at 691 E. River Road, Tucson, AZ
85704. Sales 800-TINYRAM. Fax 602/293-8065.