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Entrust Technologies Previews Second Quarter Results
Wed Jul 05 08:23:00 EDT 2000
PLANO, TEXAS, Jul 5, 2000 (BUSINESS WIRE) -- Entrust Technologies Inc.
(Nasdaq:ENTU), the global leader in solutions that bring trust to e-business,
announced today it expects second-quarter earnings from operations to be $0.02 a
share.
This would compare to the current First Call consensus estimate of $0.08 a
share. The company expects to report full financial results for the second
quarter after the close of market on Tuesday, July 18th.
John Ryan, Entrust Technologies president and CEO, noted, "Our second-quarter
results were affected by delays in closing PKI system extension sales. The issue
here is simply revenue timing, not lost business."
"I remain optimistic about Entrust Technologies prospects for the remainder of
2000 and beyond," Ryan said. "Our successful June 26th merger closure with
enCommerce positions us well to deliver world-class e-business solutions to both
the B2B and B2C global marketplaces."
Entrust said that revenues for the quarter, which ended June 30, will be up
substantially from $19.8 million in revenues recorded in the second quarter of
1999 and slightly above first-quarter 2000 revenues of $29.1 million.
About Entrust Technologies, Inc.
Entrust Technologies, Inc. (Nasdaq:ENTU) is the global leader in solutions that
bring trust to e-business relationships by securing and managing the
transactions that constitute e-business. Through the industry's most
comprehensive portfolio of trusted e-business infrastructure solutions, Entrust
Technologies enables customers to secure their B2B, B2C and internal enterprise
transactions and communications, as well as to manage the e-business portals
through which these transactions take place. Today Entrust serves more than
1,500 customers worldwide. Entrust Technologies pioneered the public-key
infrastructure (PKI) and digital certificate solutions that provide security for
business transactions and communications over the Internet. Entrust Technologies
is based in Silicon Valley, Ottawa, Canada and Plano, Texas and has offices
around the world. For additional company information please visit
www.entrust.com.
The preceding discussion of expected future results may constitute
forward-looking statements. Actual results could differ from expected results
due to various business risk factors which have been explicitly discussed in the
company's recent filings with the Securities and Exchange Commission.
Entrust is a registered trademark of Entrust Technologies Inc. in the United
States and other countries. In Canada, Entrust is a registered trademark of
Entrust Technologies Limited. All Entrust product names are trademarks of
Entrust Technologies. All other company and product names are trademarks or
registered trademarks of their respective owners.
www.UpToTRADE.de
www.siteboard.de/cgi-siteboard/board.pl?fnr=8965&read=41
Entrust Technologies Previews Second Quarter Results
Wed Jul 05 08:23:00 EDT 2000
PLANO, TEXAS, Jul 5, 2000 (BUSINESS WIRE) -- Entrust Technologies Inc.
(Nasdaq:ENTU), the global leader in solutions that bring trust to e-business,
announced today it expects second-quarter earnings from operations to be $0.02 a
share.
This would compare to the current First Call consensus estimate of $0.08 a
share. The company expects to report full financial results for the second
quarter after the close of market on Tuesday, July 18th.
John Ryan, Entrust Technologies president and CEO, noted, "Our second-quarter
results were affected by delays in closing PKI system extension sales. The issue
here is simply revenue timing, not lost business."
"I remain optimistic about Entrust Technologies prospects for the remainder of
2000 and beyond," Ryan said. "Our successful June 26th merger closure with
enCommerce positions us well to deliver world-class e-business solutions to both
the B2B and B2C global marketplaces."
Entrust said that revenues for the quarter, which ended June 30, will be up
substantially from $19.8 million in revenues recorded in the second quarter of
1999 and slightly above first-quarter 2000 revenues of $29.1 million.
About Entrust Technologies, Inc.
Entrust Technologies, Inc. (Nasdaq:ENTU) is the global leader in solutions that
bring trust to e-business relationships by securing and managing the
transactions that constitute e-business. Through the industry's most
comprehensive portfolio of trusted e-business infrastructure solutions, Entrust
Technologies enables customers to secure their B2B, B2C and internal enterprise
transactions and communications, as well as to manage the e-business portals
through which these transactions take place. Today Entrust serves more than
1,500 customers worldwide. Entrust Technologies pioneered the public-key
infrastructure (PKI) and digital certificate solutions that provide security for
business transactions and communications over the Internet. Entrust Technologies
is based in Silicon Valley, Ottawa, Canada and Plano, Texas and has offices
around the world. For additional company information please visit
www.entrust.com.
The preceding discussion of expected future results may constitute
forward-looking statements. Actual results could differ from expected results
due to various business risk factors which have been explicitly discussed in the
company's recent filings with the Securities and Exchange Commission.
Entrust is a registered trademark of Entrust Technologies Inc. in the United
States and other countries. In Canada, Entrust is a registered trademark of
Entrust Technologies Limited. All Entrust product names are trademarks of
Entrust Technologies. All other company and product names are trademarks or
registered trademarks of their respective owners.
www.UpToTRADE.de
