CMG's earnings spur upgraded forecasts, endorsement of stock

Article Abstract:

CMG PLC posted a 49% increase in pretax profits for the 1998 year. The company's pretax profits rose to 57.5 million pound sterling ($92.4 million) from 38.5 million pound sterling in 1997. The figures were what analysts had expected. CMG also said that it increased its market share. The information technology firm also posted a 13.2% rise in group operating margins. The strong figures caused the company's forecasts for 1999 to improve.

Comment:

Posts 49% increase in pretax profits for the 1998 year

United Kingdom, Computer integrated systems design, Abstract, Computer systems integrators, Systems integration, CMG Group PLC

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Tyco's earnings boosted by acquisitions, growth

Article Abstract:

Tyco International Ltd. posted earnings for the fiscal second quarter of 1999 that were higher than expected. The company benefited from internal growth and acquisitions. Tyco also made a confident forecast for the 2000 year. The company posted $416.8 million in net income for the period. This represented a 38% improvement over the same period in 1998. The net income figure included a $42.5 million debt retirement charge.

Comment:

Posted earnings for 1999 fiscal second quarter that were higher than expected

United States, Other Communications Equipment Manufacturing, Intercom, Signal & Alarm Eqp, Telecommunications equipment, Security systems industry, Tyco International Ltd. (Pembroke, New Hampshire)

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