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October 2000
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MapInfo Anticipates Record Fiscal Fourth Quarter and Year-End Results
MapInfo Corporation announced at the Company’s Worldwide Sales Meeting in Saratoga Springs, New York, that, based on a preliminary review, the Company expects to report record revenues of approximately $27.0 million, record operating income of approximately $4.1 million, and record EPS of approximately $0.19 per post-split share for the three months ended September 30, 2000, reflecting strong operating performance in the Americas and Europe. This represents a 28% increase in revenues (31% excluding the negative effects of foreign exchange), an 80% increase in operating income, and a 64% increase in net income over the comparable prior year results.
Total revenues for the fiscal year ended September 30, 2000 are expected to be approximately $96.2 million with operating income of approximately $11.2 million and EPS of approximately $0.54 per post-split share. This represents a 29% increase in revenues (32% excluding the negative effects of foreign exchange), a 95% increase in operating income, and a 78% increase in net income over the prior fiscal year results.
The company intends to report final results for
the fourth quarter and fiscal year before the market opens on
November 2, 2000 with a conference call scheduled for 8:30AM (EST).
The conference call will be Web cast live at www.vcall.com
or
www.mapinfo.com/investors. A replay will be available for one week following the call and can be accessed by dialing 888-836-6074 and entering access code #4549860.
For details visit
www.mapinfo.com
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