Tecnomatix Announces Fourth Quarter and Full Year 2002 Results


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Herzlia, Israel -- Tecnomatix Technologies Ltd. has announced its financial results for the fourth quarter and full year ended December 31, 2002.

For the fourth quarter ended December 31, 2002, the company is reporting revenues of $21.4 million, operating income of $20,000 and net income of $100,000, or 1 cent per diluted share. This compares to the fourth quarter ended December 31, 2001, when the company reported revenues of $21.2 million, operating income of $500,000 and net income of $200,000, or 2 cents per diluted share. The company ended the quarter with $41.8 million in cash and cash equivalents, short-term investments and long-term investments.

The Company reported revenues for 2002 of $82 million, operating income of $2.2 million and net income of $1.1 million, or 10 cents per diluted share. This compares to the year ended December 31, 2001, when the company reported revenues of $86.9 million, an operating loss of $4.9 million and a net loss of $4.3 million, or 42 cents per diluted share.

Tecnomatix Technologies Ltd. is the driving force in Manufacturing Process Management (MPM). For more information, visit www.tecnomatix.com.

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