NFON AG

Earnings Release • Aug 5, 2002

News Details

Corporate | 5 August 2002 23:00

Infonet Services Corp. english

Infonet Announces First Quarter Results – Part 2 Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– About Infonet Infonet Services Corporation, known for its quality of service, is a leading provider of value-added global communications services, including IP VPNs, for nearly 3,000 multinational enterprises. Employing a unique consultative approach, Infonet offers integrated solutions optimizing the complex relationship between enterprise applications and the global network. Extensive project management capabilities are the foundation for the services and solution offerings (broadband, Internet, intranet, multimedia, remote and local access, provisioning, application and consulting services) positioning Infonet as the ideal single-source partner for multinationals. In particular, Infonet IP VPN solutions offer multinationals a unique combination of Private and Public IP services as well as a full set of Managed Security Services. Rated ‘Best in Class’ overall in Telemark’s survey of Global Managed Data Network Services, Infonet has also won “Best Customer Care” and “Best Carrier’ at the World Communication Awards. Infonet owns and operates The World Network(registered trademark), accessible from more than 180 countries, and provides local service support in over 70 countries and territories. Founded in 1970, Infonet’s stock is traded on the New York and Frankfurt Stock Exchanges under the symbol IN. Additional information about the company is available at www.infonet.com. Safe Harbor Statement: Infonet may have made forward-looking statements in this release. These statements, if any, are based on information available to the company as of the date of this release and Infonet undertakes no duty to update the information to take account of later events. The accuracy of our forward- looking statements will also be affected by the strength of the market for Infonet products and services, competition, the timely transitioning of new business opportunities to Infonet’s network and the effect of currency fluctuation. Investors should bear these risk factors in mind as well as those elaborated on in Infonet’s 10-K, 10-Qs and other recent filings made with the U.S. Securities and Exchange Commission. These documents are available through the investor relations portion of Infonet’s web site at www.infonet.com. Infonet will file its Q1 FY ’03 10-Q on August 12, 2002. It will be available through www.sec.gov, which can be accessed through Infonet’s investor relations site at www.infonet.com. Audio Web Cast/Conference Call Information Infonet will host a conference call and audio Webcast on Tuesday, August 6, at 9 a.m. New York time (2 p.m. in London, 6 a.m. in Los Angeles). Participants within the United States should call 1-800-231-9012. Outside the United States, participants should call +1-719-457-2617. Please establish connections 10 minutes before the hour. Those listening in through the Web, should log on to www.infonet.com. For a replay of the call within the United States, call 1-888- 203-1112; outside the United States, call +1-719-457-0820. The replay will be available from 12 p.m. New York time on Tuesday, August 6, through midnight on Tuesday, August 20. The confirmation code for the replay is 334331. (Table Follows) Q1 FY03 FY02 % change Core Non Core Total Core Non Core Total Core Non Core Total Revenues:, Network Services $79,283 $0 $79,283 $77,659 $0 $77,659 2% na 2% Consulting, Integration and Provisioning Services 41,750 4,243 45,993 35,710 11,945 47,655 17% (64%) (3%) Application Services 1,967 0 1,967 1,953 0 1,953 1% na 1% Other Communications Services 7,333 12,731 20,064 9,030 35,557 44,587 (19%) (64%) (55%) Total Revenues 130,333 16,974 147,307 124,352 47,502 171,854 5% (64%) (14%) EBITDA $5,484 $4,148 $9,632 $11,976 $9,868 $21,844 (54%) (58%) (56%) Operating Income/(Loss) ($54,626) $117 na Other Income, Net $5,069 $5,126 (1%) Provision (Credit) for Income Taxes ($13,204) $2,390 na Net Income/(Loss) ($36,420) $2,530 na EPS ($0.08) $0.01 na Depreciation, Amortization and Asset Write-Off $60,481 $17,527 245% Operating Income/(Loss) and EBITDA excluding stock-based compensation charges: EBITDA $9,632 $21,844 (56%) Operating Income/(Loss)($50,849) $4,317 na end of message, (c)DGAP 05.08.2002 ——————————————————————————– WKN: 931039; ISIN: US45666T1060; Index: Listed: Amtlicher Markt in Frankfurt, Freiverkehr in Berlin, Hamburg, München und Stuttgart 052300 Aug 02