The CAD vendor’s revenues were $210.8m, down 8.1% on the year. Operating income was $6.6m, compared to $21.2m the previous year. Net income was $7.5m, compared to last year’s $17.6m. This resulted in earnings per share of $0.07, healthily above the $0.05 Wall Street had expected.
However, the vendor said second quarter revenue is expected to be between $207m and $212m, with earnings per share of $0.07 to $0.10. Analysts had expected $0.13 on sales of $217.6m. The company listed a range of factors that could inhibit it from hitting even this more conservative target, including the effect of SARS and currency fluctuations.
For the year as a whole, the company said it expected sales to be in the range of $875m to $900m, with earnings in the range of $0.50 to $0.60. Analysts’ current expectation is for earnings of $0.84 on sales of $937.7m.
Source: Computerwire
