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July 17, 1997updated 05 Sep 2016 12:38pm


By CBR Staff Writer

Harbinger Corp, supplier of electronic commerce and Electronic Data Interchange over the internet systems, reported second quarter net profits of $2.2m, against losses last time of $1.5m, on revenues that rose 33.4% at $19.7m. Net losses for the six months were $13.5m, after a $16.2m charge for purchased in- process research and technology, up from $10.5m losses last time, which included a similar $8.4m charge, on revenues that were up 39.7% at $36.7m. Net earnings per share were $0.11 in the quarter. Results for the 1996 period are restated to reflect the acquisition of SupplyTech Inc in January, and all per share amounts reflect a 3-for-2 stock split at the same time.

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