Business Services Industry
Phoenix International Expects Lower Earnings For Third Quarter
Business Wire, Oct 27, 1997
ORLANDO, Fla.--(BUSINESS WIRE)--Oct. 27, 1997--Phoenix International Ltd., Inc. (Nasdaq/NM:PHXX), a world leader in client/server retail banking management solutions, today indicated that it expects earnings for the third quarter ending September 30, 1997 will be lower than the $0.14 per share of a year ago.
Bahram Yusefzadeh, chairman of the board and chief executive officer, said, "We did not achieve our targeted level of revenues and expect to report earnings for the period significantly below the year-earlier level. Although we have achieved a consistent, long-term pattern of growth, there can be periods when shipments of our software on a short-term basis do not match the pace of potential new business. This expected shortfall for the third quarter is especially frustrating because our markettail banking system that includes customer mannce system; and Phoenix TradeCenter, a global payments system. Phoenix currently has 38 Phoenix System installations worldwide, making the Company a world leader in e discussed in detail in Phoenix's filings witsiness Wire's full file on the Internet
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