Labels:bookcase | daily | reckoner | sky OCR: Sales and marketing expenses increased in fiscal 1995 but declined as a percentage of total revenues The increase was due primarily marketing and promotional efforts associated with new product releases, the additional staffing required to support these efforts and higher payroll and related expenses as resul of increased headcount due to the merger with Altsys. In addition higher revenues also led to increases in certain variable selling expenses. Research and development expenses increased in fiscal 1995 but declined as percentage of total revenues. The increase was due primarily to additional theadcount as result of the increase of products under devel lopment. The Company released five major products in fiscal 1995 to seven in fiscal 1994 General and administrative expenses increased i ...
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