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Tecnomatix Announces Second Quarter 2004 Results
July 29, 2004 |Estimated reading time: 1 minute
Herzlia, Israel — Tecnomatix Technologies Ltd. announces its financial results for the second quarter ended June 30, 2004.
Revenues for the second quarter of 2004 were $24.2 million, compared to $20.2 million for the second quarter of 2003. Operating income for the second quarter of 2004 was $500,000, compared to an operating loss of $200,000 for the second quarter of 2003. Net income for the second quarter of 2004 was $400,000 or 3 cents per diluted share, compared to $200,000 or 2 cents per diluted share for the second quarter of 2003.
Revenues for the first six months of 2004 were $48 million, compared to $40.8 million for the first six months of 2003. Operating income for the first six months of 2004 was $1 million, compared to an operating loss of $1.8 million for the first six months of 2003. Net income for the first six months of 2004 was $700,000 or 5 cents per diluted share, compared to a net loss of $1.3 million or 12 cents per diluted share for the first six months of 2003. At June 30, 2004, the company had a $38.0 million balance of cash and cash equivalents, short-term investments and long-term investments.
Based on the company's current plans and visibility, Tecnomatix expects to achieve revenue growth of approximately 15 to 20 percent for the full year 2004 over 2003, with improved profitability on a quarterly basis."
Tecnomatix Technologies Ltd. provides the world's leading Manufacturing Process Management (MPM) solutions for the automotive, electronics, aerospace, and other manufacturing and processing industries. For more information, visit www.tecnomatix.com.