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Technology Solutions Company Announces Preliminary Results for 2007 Fourth Quarter
Publish Date : 1/15/2008 4:08:00 AM Source : Technology News Onlypunjab.com
Technology Solutions Company (TSC) (Nasdaq: TSCC) today announced preliminary, unaudited fourth quarter financial results for the quarter ended December 31, 2007.
Fourth Quarter Estimated Results
- Revenues before reimbursements are estimated to be $5.3 million for the fourth quarter, a decline of 5% to third quarter 2007 revenue. Fourth quarter revenues were an improvement, on a net basis, when accounting for 13% less billable days in the quarter due to the holiday season.
- Net loss for the fourth quarter is estimated to be $(0.3) million, or $(0.12) per share, a reduction in net loss per share of 87% from the net loss per share of $(0.89) realized in the third quarter of 2007.
- Days sales outstanding is estimated to be 53 days, an improvement of 18 days, or 25%, from the 71 days at September 30, 2007.
- Cash, cash equivalents and investments balance at December 31, 2007 is expected to be $11.0 million, an increase of $0.3 million, or 3%, from the $10.7 million balance at the end of the third quarter of 2007.
The company anticipates releasing audited financial results and hosting an investor conference call for both the fourth quarter and full year of 2007, in the latter part of March, 2008, upon completion of its year end audit by Grant Thornton.
About Technology Solutions Company
Technology Solutions Company (TSC) is a leading business solutions provider that partners with clients to expose and leverage opportunities that create measure and sustain the delivery of value to their customers. Our outside-in, fact-based approach quantifies value through the eyes of our client’s customers, unleashing the potential for profit and growth. TSC serves the healthcare, financial services and manufacturing industries through tailored business solutions that deliver extraordinarily rapid and guaranteed results. For more information, please visit: www.techsol.com. |
Orissa to use GPS for mapping
Publish Date : 1/28/2005 1:18:00 PM
Orissa will use the Global Positioning System (GPS) to map areas not yet surveyed, an official of the state science and technology department said Thursday.
LG mulls launching notebooks post-budget
Publish Date : 1/28/2005 1:14:00 PM
LG Electronics India Ltd (LGEIL), the wholly owned subsidiary of the South Korean chaebol, plans to introduce notebooks in India after the budget if duty and tax provisions ....
Chidambaram launches project on digital signatures
Publish Date : 1/25/2005 1:43:00 PM
Finance Minister P. Chidambaram launched a programme here Monday as part of the government's e-governance project to provide digital signature certificates and facilitate ....
Q4 2004: MEMSCAP Shows Operational Profitability
Publish Date : 1/25/2005 10:43:00 AM
MEMSCAP (Euronext: MEN), the leading provider of innovative solutions based on MEMS (micro-electro-mechanical systems) technology, today announces its revenue and ....
Lattice Semiconductor Reports Fourth Quarter
Publish Date : 1/25/2005 10:15:00 AM
Lattice Semiconductor Corporation (Nasdaq:LSCC) today announced financial results for the fourth quarter and year ending December 2004.
Users Confuse Search Results, Ads
Publish Date : 1/24/2005 6:40:00 PM
Only 1 in 6 users of Internet search engines can tell the difference between unbiased search results and paid advertisements, a new survey finds.
Teen Helps Build Firefox Web Browser
Publish Date : 1/24/2005 5:46:00 PM
By age 10, Blake Ross was designing Web pages on America Online. By 14, after mastering complex programming languages such as C++, he was fixing bugs in Netscape's Web....
Industry Aims to Deliver Music Everywhere
Publish Date : 1/24/2005 5:44:00 PM
In the music business, it's a vision that may soon be consigned to history: Grandpa slumping into the recliner, closing his eyes and enjoying a favorite rendition of an operatic....
Security Concerns Prompt Internet Explorer Defections
Publish Date : 1/24/2005 5:31:00 PM
Worried about catching viruses, spyware, or other malicious software while surfing the Web?
Scrambling For a Slice Of Internet Phone Pie
Publish Date : 1/24/2005 5:01:00 PM
Investors showed little interest when Richard M. Tworek started setting up Internet-based phone systems for businesses two years ago.
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