Computer Consoles Inc looks to report record turnover and an estimated 200% increase in profits for its fiscal second quarter, chairman John Cunningham told the New York Society of Security Analysts last week. Revenues are expected to increase 20% over the like period a year ago and should exceed $43m for the quarter, Cunningham said. Chief financial officer at the Waltham company Richard Krieger added that the Computer Products Division operations will be solidly profitable as the division continues its dramatic turnaround after several unprofitable years. In the first quarter of 1988, Computer Products reached the break-even point after full year operating losses totaling $13m in 1987. Cunningham noted that sales of minicomputers to OEM customers – such as Unisys Corp and ICL – contributed strongly to improved 1988 projections. We expect pre-tax profits from operations to more than double this year and expect significant improvements in profitability in 1989, he concluded.
