View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 27, 1999

L&H Pips Q3 Earnings Expectations by a Penny

By CBR Staff Writer

Lernout & Hauspie Speech Products NV, the Belgian-American speech recognition software and services firm, reported third-quarter net income of $9.8m, yesterday, down 9% on the year-ago period. Revenue for the three months to September 30 was $87.47m – up 59.4% on the corresponding period of 1998. With 60.5 million outstanding shares, the firm posted earnings per share of 16 cents, a penny above consensus earnings estimates from an analyst poll conducted by First Call. During the quarter, L&H acquired voice recognition software vendor, Articulate Systems Inc, which focuses on the healthcare market, and Bumil Information and Communications Ltd, a Korean developer of interactive voice applications for the telecommunications market. Including these operations earnings for the quarter were $18.5m or 31 cents a share. Products from the acquisition will help L&H tap new vertical markets, the firm said. The acquisitions also underpin the firm’s move to diversify into the more lucrative business of providing software with services, rather than just drawing revenue from software sales. Revenue from the firm’s applications increased 97% to $32.11m in the quarter over the period last year, while the firm’s technologies and solutions division which goes onto client sites to deploy L&H systems, brought in $31.03m – up 51.6%. Consulting and services brought in $24.33m in the quarter – up more than 34% on the same period last year.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.