NFON AG — Earnings Release 2003

Feb 7, 2003

News Details

Corporate | 7 February 2003 00:15

Infonet Services Corp. english

Infonet Reports Fiscal 2003 Third Quarter Results Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Q3 FY03 FY02 % change Revenue: Network services $ 83, 619 $ 76,265 10% Consulting, integration and provisioning services 44,624 46,586 – 4% Application services 8,032 2,279 252% Other communications services 62,019 29,970 107 % – Management incentive fee 56,706 0 na – Other 5,313 29,970 – 82% ___________________________ Total revenue 198,294 155,100 28% Expenses: Country representative compensation 25,457 48,548 – 48% Bandwith and related costs 32,325 30,850 5% Network operations 33,417 25,266 32% Selling, general and administrative 75,118 59,148 27% ___________________________ Total expenses 166,317 163,812 2% Operating income (loss) $ 31,977 – $ 8,712 na Other income (expense) Interest income 3,254 5,135 – 37% Interest expense -1,773 – 3,012 – 41% Other, net 384 – 515 na __________________________ Total other income 1,865 1,608 16% Provision (credit) for income taxes 13,959 1,593 na Minority interest 39 111 na Extraordinary Item 1,615 0 na Net income (loss) $ 18,229 $ – 8,808 na EPS $ 0.04 – $ 0.02 na Depreciation, amortization and asset write-offs $ 18,963 $ 19,343 – 2% NINE MONTHS YTD FY03 FY02 % change Revenue: Network services $ 239,302 $ 226,945 5% Consulting, integration and provisioning services 138,683 143,148 – 3% Application services 12,853 6,164 109% Other communications services 97,578 110,927 – 12% – Management incentive fee 56,706 0 na – Other 5,313 29,970 – 82% ____________________________ Total revenue 488,416 487,184 0% Expenses: Country representative compensation 93,439 166,079 – 44% Bandwith and related costs 129,143 93,159 39% Network operations 86,915 76,917 13% Selling, general and administrative 214,448 170,481 26% ____________________________ Total expenses 523,945 506,636 3% Operating income (loss) -$ 35,529 -$ 19,452 na Other income (expense) Interest income 11,177 20,231 – 45% Interest expense – 6,216 – 8,857 – 30% Other, net 2,855 – 85 na ___________________________ Total other income 7,816 11,289 – 31% Provision (credit) for income taxes (- 5,230) 1,037 na Minority interest 310 580 – 47% Extraordinary Item 1,615 0 na Net income (loss) -$ 24,408 $ – 9,780 na EPS – $ 0.05 – $ 0.02 na Depreciation, amortization and asset write-offs $ 98,860 $ 55,560 78% end of message, (c)DGAP 06.02.2003 ——————————————————————————– WKN: 931039; ISIN: US45666T1060; Index: Listed: Amtlicher Markt in Frankfurt; Freiverkehr in Berlin, München und Stuttgart 070015 Feb 03