Press Release
- Date:
- Tuesday, April 08, 2003
- Contact:
- David Peikin
- Phone:
- (301) 918-0818
- Email:
- G1@schwartz-pr.com
Group 1 Software Reaffirms Guidance
for Fourth Quarter and Fiscal Year
Lanham, MD — Group 1 Software (Nasdaq: GSOF) today indicated that it expects fourth quarter and full fiscal year revenue and earnings to be at least as strong as guidance previously given. Guidance for the fourth quarter ended March 31, 2003 called for revenue in the range of $27 million to $28 million, as compared to $24.1 million reported in the prior year's fourth quarter, and earnings per share in the range of $0.17 to $0.18, as compared to $0.14 reported in the prior year's fourth quarter. Achievement of these projections would result in revenue for the full fiscal year in the range of $102 million to $103 million and earnings per share of $0.54 to $0.55, as compared to $89.4 million in revenue and $0.32 earnings per share reported in the prior year.
The company anticipates releasing earnings in mid-May.
Group 1 Software (Nasdaq: GSOF )is a leading provider of software solutions for data quality, marketing automation, customer communications management and direct marketing applications. Group 1's software systems and services enable over 2,000 customers worldwide to market smarter by helping them find, reach and keep customers. Founded in 1982 and headquartered in Lanham, Maryland, Group 1's solutions are utilized by leaders in the financial services, banking, retail, telecommunications, utilities, e-commerce, and insurance industries. The company's customer base includes such recognized names as Charles Schwab, Entergy, GEICO, L.L. Bean, Wal-Mart and Wells Fargo. For more information about Group 1, visit the company's Web site at http://www.g1.com.