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SYBASE ANNOUNCES PRELIMINARY FOURTH QUARTER RESULTS |
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Estimated Revenues of $245 - $250 Million; Operating Profit
Sybase announced today that revenues for the fourth quarter ending December 31, 1997 are currently expected to be in the range of $245 million to $250 million. The company expects to report an operating profit before taxes. The company also expects earnings per share to range from a loss of ($0.07) to a profit of $0.02 per share.
These estimated results are preliminary, subject to the company closing its books and the company's management and independent auditors completing their customary quarterly review and annual audit procedures.
The estimated results in this announcement constitute forward looking statements. Actual results for the Company's fourth quarter and for the 1997 fiscal year could materially differ from those estimated depending on a number of factors, including whether all orders included in estimated revenues meet the company's revenue recognition requirements, the adequacy of estimated expense accruals and reserves, the adequacy of the estimated tax provided for the fourth quarter and fiscal year and adjustments arising from the customary annual audit by management and the company's independent auditors.
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