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Tecnomatix Announces First Quarter 2004 Results
April 30, 2004 |Estimated reading time: Less than a minute
Herzlia, Israel — Tecnomatix Technologies Ltd. announces its financial results for the first quarter ended March 31, 2004.
Revenues for the first quarter of 2004 were $23.9 million, compared to $20.6 million for the first quarter of 2003, an increase of 16 percent. Operating income for the first quarter of 2004 was $500,000, compared to an operating loss of $1.6 million for the first quarter of 2003. Net income for the first quarter of 2004 was $300,000 or 3 cents per diluted share, compared to a net loss of $1.4 million or 13 cents per diluted share for the first quarter of 2003.
At March 31, 2004, the company had a $33.4 million balance of cash and cash equivalents, short-term investments and long-term investments.
Tecnomatix Technologies Ltd. provides the world's leading Manufacturing Process Management (MPM) solutions for the automotive, electronics, aerospace, and other manufacturing and processing industries. For more information, visit www.tecnomatix.com.