Comverse Technology Announces Record Fourth Quarter And Fiscal 2000 Wednesday 14 March 2001 PDF Print …Fourth Quarter Earnings Per Share (Diluted) Of $0.41 Vs.$0.30; Fourth Quarter Sales Up 37%, Net Income Up 48% To Record Levels… Comverse Technology, Inc. (NASDAQ:CMVT) announced for the fourth quarter of fiscal year 2000, ended January 31, 2001, net income growth of 48%, to a record $76,865,000 ($0.41 per diluted share), compared with $51,897,000 ($0.30 per diluted share) for the fourth quarter of fiscal 1999. The company posted record sales of $346,553,000 for the fourth quarter of fiscal 2000, an increase of 37% over the fourth quarter of fiscal 1999. For fiscal year 2000, ended January 31, 2001, net income was $263,974,000, or $1.47 per diluted share (excluding one-time acquisition charges, net of tax, of $14,838,000, or $0.08 per diluted share), an increase of 51% over the net income, excluding one-time acquisition charges, of fiscal 1999. Sales for fiscal 2000 were $1,225,058,000, an increase of 35% over fiscal 1999. Kobi Alexander, Chairman and CEO of Comverse Technology, stated, "Our fourth quarter results reflect our leadership position in our major markets. More than 360 wireless and wireline telecommunications network operators have selected Comverse's enhanced services systems and software, which enable the provision of revenue-generating value-added services including call answering, wireless data and Internet-based information services, prepaid wireless services, Internet-based unified messaging (voice, fax, and email in a single mailbox), one-touch call return, voice-controlled web portal and other speech recognition-based services, and additional personal communication services. In addition, our Comverse Infosys division continues to benefit primarily from the use of monitoring and customer relationship management tools to improve customer satisfaction and overall quality for contact centers, and our Ulticom division continues to benefit from the growth in intelligent network services, as well as the convergence of circuit and packet communications technologies." The company ended the quarter with cash and cash equivalents, bank time deposits and short-term investments of $1,735,840,000, working capital of $1,860,379,000, total assets of $2,625,264,000 and stockholders' equity of $1,236,165,000, all of which represent record levels. Conference Call Information A conference call to discuss the company's results will be conducted Tuesday, March 13, 2001, at 5:00pm EST. Participants should dial (904) 779-4767. The call will be available via replay for 72 hours, at (402) 220-2491, access code 8314147. About Comverse Technology, Inc. Comverse Technology, Inc., headquartered in Woodbury, New York, is the world's leading provider of software and systems enabling network-based multimedia enhanced communications services, with over 360 customers in more than 100 countries. Comverse provides a wide range of solutions enabling 3G-ready multimedia messaging, multi-protocol mobile Internet platforms, wireless data and short messaging services, speech-controlled portal, wireless prepaid services, interactive voice response and other personal communications services. Other Comverse Technology business units include Comverse Infosys, which provides multiple channel, multimedia digital recording, logging, and quality monitoring systems marketed to contact centers, facilities, and law enforcement agencies; and Ulticom, a leading provider of network signaling software for wireless, wireline, and Internet communications services. Comverse Technology is an S&P 500 and NASDAQ-100 Index company. For additional information, visit the Comverse Technology web site at http://www.cmvt.com Note: This release may contain forward-looking statements that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially include: changes in the demand for the company's products; changes in capital spending among the company's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the company or its competition; risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis; risks associated with changes in the competitive or regulatory environment in which the company operates; risks associated with significant foreign operations and international sales, including fluctuations in foreign currency exchange rates and interest rates; the volatility of macroeconomic and industry conditions and the international marketplace; risks associated with the company's ability to retain existing personnel and recruit and retain qualified personnel; and other risks described in filings with the Securities and Exchange Commission. These risks and uncertainties, as well as others, are discussed in greater detail in the filings of the company with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and its subsequent Quarterly Reports on Form 10-Q. The company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made. This press release was distributed by ResponseSource Press Release Wire on behalf of Pleon in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.