Intervoice Warns on Q2
Due to these revisions, the Company’s solutions backlog of $41.6 million at August 31, 2006 is up $0.6 million from the amount previously disclosed. In addition, the Company’s revenues for its second fiscal quarter are $50.5 million, a decline of $0.6 million and net income is $1.6 million, a decline of $0.4 million from the prior announcement. These revisions resulted in earnings per diluted share of $0.04, a decline of $0.01 from the previously reported per share amount. For complete second quarter results, see the Company’s Form 10-Q, which will be filed in a timely manner with the SEC today.
“Although this new information has affected revenues and costs recorded for the second quarter,” said Bob Ritchey, the Company’s President and CEO, “I strongly believe the Company’s long-term outlook remains favorable, and reiterate my belief that third quarter fiscal 2007 revenues will be in the $48 million to $53 million range.”