Business Services Industry
Nice Systems Report Nine Months Results.(Brief Article)
Israel Business Today, November, 1998
For the first nine months, Nice posted net income of $11.4 million, or $0.97 per share, excluding one-time charges of $9.0 million related to the acquisition of IBS' in-process technology and the write-off of certain assets resulting from the move of the company's headquarters to new facilities. In the same period of last year, Nice posted net income of $7.9 million, or $0.93 per share, excluding the Dees acquisition expenses. Including the one-time charges, net income for the first nine months of 1998 was $2.4 million, or $0.20 per share, compared with a net loss of $7.8 million, or $0.92 per share for the same period last year.
Nine months revenues grew 44 percent to $67.5 million, compared with $47.1 million in the same period last year.
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