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schaut euch mal netguru an!
wieder profitabel!
ist u.a. stark in indien tätig!
eine turnaroundstory!
p.s. am besten ander nasdaq ordern! kürzel NGRU- Wkn 923470
wieder profitabel!
ist u.a. stark in indien tätig!
eine turnaroundstory!
p.s. am besten ander nasdaq ordern! kürzel NGRU- Wkn 923470
netGuru Inc. Reports Fiscal 2004 Fourth-Quarter and Year-End Results
Wednesday May 26, 4:35 pm ET
Posts Profit for Quarter, Improved Operating Results for Year; Expects Growth, Profitability in Fiscal 2005
YORBA LINDA, Calif.--(BUSINESS WIRE)--May 26, 2004-- netGuru, Inc. (Nasdaq:NGRU - News) reported financial results for fiscal 2004 fourth quarter and year ended March 31, 2004.
ADVERTISEMENT
The Company reported net income, including an income tax benefit of $149,000, of $77,000, or $0.01 per diluted share, for the quarter. For fourth-quarter 2003, the Company reported a net loss of $1.5 million, or $(0.09) per diluted share.
Net revenues for the quarter were $5.1 million, compared to $4.6 million in fourth-quarter 2003. Engineering software revenues increased due to additional regional and international offices established in the prior year and new revenue streams from OEM (other/original equipment manufacturer) relationships enabling core engineering products to be bundled with software in other niche vertical disciplines. Sales of collaborative software products and related engineering services also rose.
Gross profit for the quarter was $3.5 million, or 69% of net revenues, compared to $2.9 million, or 63% of net revenues, in fourth-quarter 2003. Operating expenses for the quarter fell to $3.5 million from $4.2 million in the prior-year fourth quarter. Research and development and depreciation expenses were slightly lower, and selling, general and administrative expenses fell to $2.8 million from $3.3 million in the comparable quarter of fiscal 2003. The Company reported operating income of $14,000 versus an operating loss of $1.3 million in fourth quarter last year.
Net loss for fiscal 2004 narrowed to $3.1 million, or $(0.18) per diluted share, from net losses of $10.5 million, or $(0.61) per diluted share, in the prior fiscal year. Fiscal 2003 net loss included $5.8 million for the write-off of goodwill as a result of netGuru`s adoption of Statement of Financial Accounting Standards No. 142, Goodwill and Other Intangible Assets.
Net revenues for the year were $17.7 million, compared to $18.3 million in the prior fiscal year. The decrease in revenues was due primarily to lower Web-based telecommunications services revenues.
However, gross profit for the year rose to $12.0 million, or 68% of net revenues, compared to $10.4 million, or 57% of revenues, for the prior year. Operating expenses for the year were $14.2 million versus $15.0 million in the prior year. Research and development and depreciation expenses were slightly lower, and selling, general and administrative expenses were $11.2 million, compared to $11.4 million in the prior year.
Amrit Das, netGuru chief executive officer, commented: "We are pleased with achieving our fourth-quarter goal of net profitability and improved operating results for the year. Our new management team`s focus on core engineering and collaborative software sales and continued monitoring of operating costs contributed to these results and is expected to continue in subsequent periods. Furthermore, we are making progress with transitioning our traditional IT services to an engineering BPO (business process outsourcing) model, which includes building our infrastructure in India to service our expanding worldwide network of customers. As a result, we are excited about netGuru`s prospects for further growth and profitability in fiscal 2005."
About netGuru
netGuru is an engineering information technology and services company offering engineering analysis and design software, collaborative software solutions, and professional and technical IT services and support to businesses worldwide. netGuru serves its global markets and clients through offices located in the United States, Europe, Asia, and the Middle East, and through distributors in 40 countries. The Company licenses its engineering software and solutions to more than 20,000 businesses in 85 countries. For more information please visit www.netguru.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
With the exception of historical or factual information, the matters discussed in this press release, including future sales/revenues, implementing BPO services, cost and expense reductions, market expansion, new opportunities, and future financial results, are forward-looking statements that involve risks and uncertainties. Actual future results may differ. Factors that could cause or contribute to such differences in results include, but are not limited to, market acceptance and use of the Company`s products, market conditions in Asia and worldwide, engineering needs, our ability to increase revenue and control costs and expenses, and technological change, economic conditions, changes in governmental regulations and policies, competitive products and services, unforeseen technical issues, and other factors discussed in the "Risk Factors" Section of the company`s Form 10-KSB for the fiscal year ended March 31, 2003, as filed with the U.S. Securities and Exchange Commission.
NETGURU, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
March 31, March 31,
2004 2003
(restated)
--------- ----------
Assets
Current assets:
Cash and cash equivalents $ 1,746 $ 2,772
Accounts receivable (net of allowance for
doubtful accounts of $615 and $695, as of
March 31, 2004 and March 31, 2003,
respectively) 3,352 2,654
Income tax receivable 16 88
Notes and related party loans receivable 35 670
Deposits 67
Prepaid expenses and other current assets 1,183 857
Assets of subsidiary held for sale 258 709
--------- --------
Total current assets 6,657 7,750
Property, plant and equipment, net 2,215 3,099
Goodwill (net of accumulated amortization of
$3,652) 2,941 2,941
Other assets 217 523
--------- --------
$ 12,030 $ 14,313
========= ========
Liabilities and Stockholders` Equity
Current liabilities:
Current portion of long-term debt $ 975 $ 1,340
Current portion of capital lease obligations 109 412
Accounts payable 629 763
Accrued expenses 1,210 1,117
Income taxes payable 55 79
Deferred revenues 1,888 2,094
Other liabilities 208 234
Accrued restructuring costs - 199
Liabilities of subsidiary held for sale 103 51
-------- --------
Total current liabilities 5,177 6,289
Long-term bank debt, net of current portion 1,381 1,270
Capital lease obligations, net of current
portion 368 627
Deferred gain on sale-leaseback 748 817
-------- --------
Total liabilities 7,674 9,003
-------- --------
Stockholders` equity:
Preferred stock, par value $.01 (Authorized
5,000,000 shares; no shares issued and
outstanding) - -
Common stock, par value $.01; authorized
150,000,000 shares; issued and outstanding
18,087,154 and 17,325,150 shares as of March
31, 2004 and March 31, 2003, respectively 181 173
Additional paid-in capital 35,303 33,322
Accumulated deficit (30,444) (27,334)
Accumulated other comprehensive loss:
Cumulative foreign currency translation
adjustments (684) (851)
-------- --------
Total stockholders` equity 4,356 5,310
-------- --------
$ 12,030 $ 14,313
======== ========
NETGURU, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share amounts)
Three Three Twelve Twelve
Months Months Months Months
Ended Ended Ended Ended
March March 31, March March 31,
31, 2003 31, 2003
2004 (Restated) 2004 (Restated)
---------------------------------------
Net revenues:
Engineering and collaborative
software products and
services $3,491 $2,794 $11,550 $9,529
IT services 1,287 1,367 4,994 5,586
Web-based telecommunications
services 287 419 1,154 3,173
------- ---------- -------- ----------
Total net revenues $5,065 $4,580 $17,698 $18,288
Cost of revenues:
Engineering and collaborative
software products and
services 301 250 1,011 893
IT services 1,024 1,063 3,950 4,212
Web-based telecommunications
services 191 390 725 2,804
------- ---------- -------- ----------
Total cost of revenues 1,516 1,703 5,686 7,909
------- ---------- -------- ----------
Gross profit 3,549 2,877 12,012 10,379
------- ---------- -------- ----------
Operating expenses:
Selling, general and
administrative 2,834 3,259 11,162 11,353
Research and development 469 483 2,069 2,092
Depreciation 232 278 956 1,088
Impairment charge - 192 - 259
Restructuring - - - 194
------- ---------- -------- ----------
Total operating
expenses 3,535 4,212 14,187 14,986
------- ---------- -------- ----------
Operating income (loss) 14 (1,335) (2,175) (4,607)
------- ---------- -------- ----------
Other expense (income):
Interest, net 116 85 610 267
Other (21) (42) (129) (38)
------- ---------- -------- ----------
Total other expense 95 43 481 229
------- ---------- -------- ----------
Income (Loss) from continuing
operations before income taxes
and cumulative effect of a
change in accounting principle (81) (1,378) (2,656) (4,836)
Income tax (benefit) expense (149) 51 15 (204)
------- ---------- -------- ----------
Income (Loss) from continuing
operations before cumulative
effect of a change in
accounting principle 68 (1,429) (2,671) (4,632)
Income (Loss) from
discontinued operations 9 (104) (439) (73)
------- ---------- -------- ----------
Income (Loss) before cumulative
effect of a change in
accounting principle 77 (1,533) (3,110) (4,705)
------- ---------- -------- ----------
Cumulative effect of a change
in accounting principle - - - (5,824)
------- ---------- -------- ----------
Net Income (Loss) $77 $(1,533) $(3,110) $(10,529)
======= ========== ======== ==========
NETGURU, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - continued
(Unaudited)
(In thousands, except share and per share amounts)
Three Three Twelve Twelve
Months Months Months Months
Ended Ended Ended Ended
March 31, March 31, March 31, March 31,
2004 2003 2004 2003
(Restated) (Restated)
------------ ------------ ------------ ------------
Income (loss) per
common share:
Income (loss)
per common
share from
continuing
operations (Basic) $0.00 $(0.08) $(0.15) $(0.27)
Income (loss)
from
discontinued
operations - (0.01) (0.03) -
Cumulative
per share
effect of a
change in
accounting
principle - - - (0.34)
------------ ------------ ------------ ------------
Basic net
loss per
common share $0.00 $(0.09) $(0.18) $(0.61)
============ ============ ============ ============
Diluted net
income (loss)
per common
share $0.01 $(0.09) $(0.18) $(0.61)
============ ============ ============ ============
Common shares used
in computing
basic net loss per
common share: 18,044,297 17,325,150 17,602,584 17,309,704
============ ============ ============ ============
Common shares used
in computing
diluted net income
(loss) per common
share 19,813,808 17,325,150 17,602,584 17,309,704
============ ============ ============ ============
--------------------------------------------------------------------------------
Contact:
netGuru, Inc.
Bruce Nelson, 714-974-2500 x-215
Santanu Das, 714-974-2500 x-329
or
Silverman Heller Associates
Dan Matsui/Eugene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: netGuru, Inc.
Wednesday May 26, 4:35 pm ET
Posts Profit for Quarter, Improved Operating Results for Year; Expects Growth, Profitability in Fiscal 2005
YORBA LINDA, Calif.--(BUSINESS WIRE)--May 26, 2004-- netGuru, Inc. (Nasdaq:NGRU - News) reported financial results for fiscal 2004 fourth quarter and year ended March 31, 2004.
ADVERTISEMENT
The Company reported net income, including an income tax benefit of $149,000, of $77,000, or $0.01 per diluted share, for the quarter. For fourth-quarter 2003, the Company reported a net loss of $1.5 million, or $(0.09) per diluted share.
Net revenues for the quarter were $5.1 million, compared to $4.6 million in fourth-quarter 2003. Engineering software revenues increased due to additional regional and international offices established in the prior year and new revenue streams from OEM (other/original equipment manufacturer) relationships enabling core engineering products to be bundled with software in other niche vertical disciplines. Sales of collaborative software products and related engineering services also rose.
Gross profit for the quarter was $3.5 million, or 69% of net revenues, compared to $2.9 million, or 63% of net revenues, in fourth-quarter 2003. Operating expenses for the quarter fell to $3.5 million from $4.2 million in the prior-year fourth quarter. Research and development and depreciation expenses were slightly lower, and selling, general and administrative expenses fell to $2.8 million from $3.3 million in the comparable quarter of fiscal 2003. The Company reported operating income of $14,000 versus an operating loss of $1.3 million in fourth quarter last year.
Net loss for fiscal 2004 narrowed to $3.1 million, or $(0.18) per diluted share, from net losses of $10.5 million, or $(0.61) per diluted share, in the prior fiscal year. Fiscal 2003 net loss included $5.8 million for the write-off of goodwill as a result of netGuru`s adoption of Statement of Financial Accounting Standards No. 142, Goodwill and Other Intangible Assets.
Net revenues for the year were $17.7 million, compared to $18.3 million in the prior fiscal year. The decrease in revenues was due primarily to lower Web-based telecommunications services revenues.
However, gross profit for the year rose to $12.0 million, or 68% of net revenues, compared to $10.4 million, or 57% of revenues, for the prior year. Operating expenses for the year were $14.2 million versus $15.0 million in the prior year. Research and development and depreciation expenses were slightly lower, and selling, general and administrative expenses were $11.2 million, compared to $11.4 million in the prior year.
Amrit Das, netGuru chief executive officer, commented: "We are pleased with achieving our fourth-quarter goal of net profitability and improved operating results for the year. Our new management team`s focus on core engineering and collaborative software sales and continued monitoring of operating costs contributed to these results and is expected to continue in subsequent periods. Furthermore, we are making progress with transitioning our traditional IT services to an engineering BPO (business process outsourcing) model, which includes building our infrastructure in India to service our expanding worldwide network of customers. As a result, we are excited about netGuru`s prospects for further growth and profitability in fiscal 2005."
About netGuru
netGuru is an engineering information technology and services company offering engineering analysis and design software, collaborative software solutions, and professional and technical IT services and support to businesses worldwide. netGuru serves its global markets and clients through offices located in the United States, Europe, Asia, and the Middle East, and through distributors in 40 countries. The Company licenses its engineering software and solutions to more than 20,000 businesses in 85 countries. For more information please visit www.netguru.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
With the exception of historical or factual information, the matters discussed in this press release, including future sales/revenues, implementing BPO services, cost and expense reductions, market expansion, new opportunities, and future financial results, are forward-looking statements that involve risks and uncertainties. Actual future results may differ. Factors that could cause or contribute to such differences in results include, but are not limited to, market acceptance and use of the Company`s products, market conditions in Asia and worldwide, engineering needs, our ability to increase revenue and control costs and expenses, and technological change, economic conditions, changes in governmental regulations and policies, competitive products and services, unforeseen technical issues, and other factors discussed in the "Risk Factors" Section of the company`s Form 10-KSB for the fiscal year ended March 31, 2003, as filed with the U.S. Securities and Exchange Commission.
NETGURU, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
March 31, March 31,
2004 2003
(restated)
--------- ----------
Assets
Current assets:
Cash and cash equivalents $ 1,746 $ 2,772
Accounts receivable (net of allowance for
doubtful accounts of $615 and $695, as of
March 31, 2004 and March 31, 2003,
respectively) 3,352 2,654
Income tax receivable 16 88
Notes and related party loans receivable 35 670
Deposits 67
Prepaid expenses and other current assets 1,183 857
Assets of subsidiary held for sale 258 709
--------- --------
Total current assets 6,657 7,750
Property, plant and equipment, net 2,215 3,099
Goodwill (net of accumulated amortization of
$3,652) 2,941 2,941
Other assets 217 523
--------- --------
$ 12,030 $ 14,313
========= ========
Liabilities and Stockholders` Equity
Current liabilities:
Current portion of long-term debt $ 975 $ 1,340
Current portion of capital lease obligations 109 412
Accounts payable 629 763
Accrued expenses 1,210 1,117
Income taxes payable 55 79
Deferred revenues 1,888 2,094
Other liabilities 208 234
Accrued restructuring costs - 199
Liabilities of subsidiary held for sale 103 51
-------- --------
Total current liabilities 5,177 6,289
Long-term bank debt, net of current portion 1,381 1,270
Capital lease obligations, net of current
portion 368 627
Deferred gain on sale-leaseback 748 817
-------- --------
Total liabilities 7,674 9,003
-------- --------
Stockholders` equity:
Preferred stock, par value $.01 (Authorized
5,000,000 shares; no shares issued and
outstanding) - -
Common stock, par value $.01; authorized
150,000,000 shares; issued and outstanding
18,087,154 and 17,325,150 shares as of March
31, 2004 and March 31, 2003, respectively 181 173
Additional paid-in capital 35,303 33,322
Accumulated deficit (30,444) (27,334)
Accumulated other comprehensive loss:
Cumulative foreign currency translation
adjustments (684) (851)
-------- --------
Total stockholders` equity 4,356 5,310
-------- --------
$ 12,030 $ 14,313
======== ========
NETGURU, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share amounts)
Three Three Twelve Twelve
Months Months Months Months
Ended Ended Ended Ended
March March 31, March March 31,
31, 2003 31, 2003
2004 (Restated) 2004 (Restated)
---------------------------------------
Net revenues:
Engineering and collaborative
software products and
services $3,491 $2,794 $11,550 $9,529
IT services 1,287 1,367 4,994 5,586
Web-based telecommunications
services 287 419 1,154 3,173
------- ---------- -------- ----------
Total net revenues $5,065 $4,580 $17,698 $18,288
Cost of revenues:
Engineering and collaborative
software products and
services 301 250 1,011 893
IT services 1,024 1,063 3,950 4,212
Web-based telecommunications
services 191 390 725 2,804
------- ---------- -------- ----------
Total cost of revenues 1,516 1,703 5,686 7,909
------- ---------- -------- ----------
Gross profit 3,549 2,877 12,012 10,379
------- ---------- -------- ----------
Operating expenses:
Selling, general and
administrative 2,834 3,259 11,162 11,353
Research and development 469 483 2,069 2,092
Depreciation 232 278 956 1,088
Impairment charge - 192 - 259
Restructuring - - - 194
------- ---------- -------- ----------
Total operating
expenses 3,535 4,212 14,187 14,986
------- ---------- -------- ----------
Operating income (loss) 14 (1,335) (2,175) (4,607)
------- ---------- -------- ----------
Other expense (income):
Interest, net 116 85 610 267
Other (21) (42) (129) (38)
------- ---------- -------- ----------
Total other expense 95 43 481 229
------- ---------- -------- ----------
Income (Loss) from continuing
operations before income taxes
and cumulative effect of a
change in accounting principle (81) (1,378) (2,656) (4,836)
Income tax (benefit) expense (149) 51 15 (204)
------- ---------- -------- ----------
Income (Loss) from continuing
operations before cumulative
effect of a change in
accounting principle 68 (1,429) (2,671) (4,632)
Income (Loss) from
discontinued operations 9 (104) (439) (73)
------- ---------- -------- ----------
Income (Loss) before cumulative
effect of a change in
accounting principle 77 (1,533) (3,110) (4,705)
------- ---------- -------- ----------
Cumulative effect of a change
in accounting principle - - - (5,824)
------- ---------- -------- ----------
Net Income (Loss) $77 $(1,533) $(3,110) $(10,529)
======= ========== ======== ==========
NETGURU, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - continued
(Unaudited)
(In thousands, except share and per share amounts)
Three Three Twelve Twelve
Months Months Months Months
Ended Ended Ended Ended
March 31, March 31, March 31, March 31,
2004 2003 2004 2003
(Restated) (Restated)
------------ ------------ ------------ ------------
Income (loss) per
common share:
Income (loss)
per common
share from
continuing
operations (Basic) $0.00 $(0.08) $(0.15) $(0.27)
Income (loss)
from
discontinued
operations - (0.01) (0.03) -
Cumulative
per share
effect of a
change in
accounting
principle - - - (0.34)
------------ ------------ ------------ ------------
Basic net
loss per
common share $0.00 $(0.09) $(0.18) $(0.61)
============ ============ ============ ============
Diluted net
income (loss)
per common
share $0.01 $(0.09) $(0.18) $(0.61)
============ ============ ============ ============
Common shares used
in computing
basic net loss per
common share: 18,044,297 17,325,150 17,602,584 17,309,704
============ ============ ============ ============
Common shares used
in computing
diluted net income
(loss) per common
share 19,813,808 17,325,150 17,602,584 17,309,704
============ ============ ============ ============
--------------------------------------------------------------------------------
Contact:
netGuru, Inc.
Bruce Nelson, 714-974-2500 x-215
Santanu Das, 714-974-2500 x-329
or
Silverman Heller Associates
Dan Matsui/Eugene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: netGuru, Inc.
netGuru Awarded E-Governance Contract in India
Monday June 7, 8:02 am ET
Sees Increasing Use of Offshore IT, BPO Services
YORBA LINDA, Calif.--(BUSINESS WIRE)--June 7, 2004--netGuru, Inc. (Nasdaq: NGRU - News) announced its wholly owned subsidiary, netGuru India, was awarded an "e-governance" contract by the information technology department of the government of Jharkhand, one of 27 states in India, to develop "Jharkhand Online," a communications portal to increase communication and interaction with the public.
The bilingual portal will offer online access to government officials and systems and will be designed to ensure that visitors can register their inquiries; download forms and other documents; view photo galleries, notifications, and announcements; participate in opinion polls, surveys, and discussion groups; search for information; access databases; and interact with other visitors. Government departments will use the portal to collect information, generate polls, and interact with the public on various governmental issues.
Amrit Das, netGuru chairman and chief executive, commented: "This project gives us the opportunity to increase utilization of our new IT services model, which includes the offshore capability to handle business process outsourcing needs of government and business clients. To support these operations, we are incorporating our telephony infrastructure`s voice and data lines, and collaborative capabilities, to maintain effective communications and project management.
"We also see the potential for netGuru`s offshore IT and BPO operations to win more new projects and build significant revenues; for example, as other states in India address similar issues," Das continued. "Jharkhand Online is a landmark initiative, and we are in discussions with ten other states in India to develop comparable solutions."
About netGuru India
netGuru India, a subsidiary of netGuru, Inc., is a regional leader in engineering software, collaborative solutions, IT solutions, and software development.
About netGuru, Inc.
netGuru is an engineering information technology and services company offering engineering and design collaborative software, solutions, and professional and technical IT services and support to businesses worldwide. netGuru serves its global markets and clients through offices located in the United States, Europe, Asia, and the Middle East, and through distributors in 40 countries. The Company licenses its engineering software and solutions to more than 20,000 businesses in 85 countries. netGuru reported net income of $77,000, or $0.004 per diluted share, for the quarter ended March 31, 2004. For more information please visit www.netguru.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
With the exception of historical or factual information, the matters discussed in this press release, including IT/BPO resources utilization, potential new projects, future revenues, and other development efforts, are forward looking statements that involve risks and uncertainties. Actual future results may differ. Factors that could cause or contribute to such differences in results include, but are not limited to, market acceptance and use of the Company`s products and services, market conditions worldwide, engineering needs, our ability to increase revenue and control costs and expenses, and technological change, economic conditions, changes in governmental regulations and policies, competitive products and services, unforeseen technical issues, and other factors discussed in the "Risk Factors" Section of the company`s Form 10-KSB for the fiscal year ended March 31, 2003, as filed with the U.S. Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
netGuru, Inc.
Bruce Nelson, 714-974-2500 x-215
Santanu Das, 714-974-2500 x-329
or
Silverman Heller Associates
Dan Matsui/Eugene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: netGuru, Inc.
Monday June 7, 8:02 am ET
Sees Increasing Use of Offshore IT, BPO Services
YORBA LINDA, Calif.--(BUSINESS WIRE)--June 7, 2004--netGuru, Inc. (Nasdaq: NGRU - News) announced its wholly owned subsidiary, netGuru India, was awarded an "e-governance" contract by the information technology department of the government of Jharkhand, one of 27 states in India, to develop "Jharkhand Online," a communications portal to increase communication and interaction with the public.
The bilingual portal will offer online access to government officials and systems and will be designed to ensure that visitors can register their inquiries; download forms and other documents; view photo galleries, notifications, and announcements; participate in opinion polls, surveys, and discussion groups; search for information; access databases; and interact with other visitors. Government departments will use the portal to collect information, generate polls, and interact with the public on various governmental issues.
Amrit Das, netGuru chairman and chief executive, commented: "This project gives us the opportunity to increase utilization of our new IT services model, which includes the offshore capability to handle business process outsourcing needs of government and business clients. To support these operations, we are incorporating our telephony infrastructure`s voice and data lines, and collaborative capabilities, to maintain effective communications and project management.
"We also see the potential for netGuru`s offshore IT and BPO operations to win more new projects and build significant revenues; for example, as other states in India address similar issues," Das continued. "Jharkhand Online is a landmark initiative, and we are in discussions with ten other states in India to develop comparable solutions."
About netGuru India
netGuru India, a subsidiary of netGuru, Inc., is a regional leader in engineering software, collaborative solutions, IT solutions, and software development.
About netGuru, Inc.
netGuru is an engineering information technology and services company offering engineering and design collaborative software, solutions, and professional and technical IT services and support to businesses worldwide. netGuru serves its global markets and clients through offices located in the United States, Europe, Asia, and the Middle East, and through distributors in 40 countries. The Company licenses its engineering software and solutions to more than 20,000 businesses in 85 countries. netGuru reported net income of $77,000, or $0.004 per diluted share, for the quarter ended March 31, 2004. For more information please visit www.netguru.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
With the exception of historical or factual information, the matters discussed in this press release, including IT/BPO resources utilization, potential new projects, future revenues, and other development efforts, are forward looking statements that involve risks and uncertainties. Actual future results may differ. Factors that could cause or contribute to such differences in results include, but are not limited to, market acceptance and use of the Company`s products and services, market conditions worldwide, engineering needs, our ability to increase revenue and control costs and expenses, and technological change, economic conditions, changes in governmental regulations and policies, competitive products and services, unforeseen technical issues, and other factors discussed in the "Risk Factors" Section of the company`s Form 10-KSB for the fiscal year ended March 31, 2003, as filed with the U.S. Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
netGuru, Inc.
Bruce Nelson, 714-974-2500 x-215
Santanu Das, 714-974-2500 x-329
or
Silverman Heller Associates
Dan Matsui/Eugene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: netGuru, Inc.
netGuru in Marketing Agreement with Intellisys Technology
Thursday June 10, 7:30 am ET
Intellisys to Market eReview Collaborative Software in Australia
YORBA LINDA, Calif.--(BUSINESS WIRE)--June 10, 2004--netGuru, Inc. (Nasdaq:NGRU - News) announced a marketing agreement with Intellisys Technology LLC, a privately owned IT consulting company, under which Intellisys will exclusively market eReview to the top 100 corporations in Australia.
Headquartered in Oak Brook, Illinois, Intellisys provides information technology solutions and IT-enabling services, including ERP and EDM/PDM, to a global network of clients, including 3Com, Mitsubishi, and Mobil Oil, and companies in the Fortune 1000. Intellisys offices are located in Australia, Singapore, and India. Intellisys is also a Certified Partner with leading-edge technology companies such as Computer Associates-Australia, IBM, and Microsoft.
Intellisys Technology Director Ganesh Natarajan remarked: "We believe eReview is one of the top collaborative workflow products on the market today and are already in discussions with several large companies interested in integrating the eReview solution with their central document management systems. In Australia and New Zealand`s competitive business environment, businesses are striving to reduce cost and increase efficiency, and we feel netGuru`s eReview will help companies achieve both objectives.
"eReview provides centralized communications capability and cuts down on fax, phone, and courier costs," Natarajan continued. "Perhaps more importantly, eReview facilitates quicker decisions by enabling individuals to collaborate on both stored/retrieved documents and ad-hoc ideas via meetings. Essentially, eReview reduces costs by creating an intuitive, natural, and real-time web-based collaborative environment, and we will be highlighting eReview and these competitive features at the Australian CeBit, the largest IT show in Australia."
Amrit Das, netGuru chairman and chief executive, commented: "We are pleased to have the marketing support of Intellisys, which is a major IT services provider in Australia and New Zealand with ongoing relationships with large businesses engaged in worldwide operations. This agreement brings eReview into a new regional market, expands our overall presence in that area of the world, with Fuji-Xerox already marketing eReview in Singapore, and brings us closer to becoming the leader in collaborative viewing in the Australasian market.
"We expect this agreement to generate incremental sales in fiscal 2005 of approximately AUS$1 million, as this is a new source of business," Das added. "In general, we will continue building eReview`s visibility in the collaborative viewing market and expect further gains."
About netGuru, Inc.
netGuru is an engineering information technology and services company offering engineering and design collaborative software, solutions, and professional and technical IT services and support to businesses worldwide. netGuru serves its global markets and clients through offices located in the United States, Europe, Asia, and the Middle East, and through distributors in 40 countries. The Company licenses its engineering software and solutions to more than 20,000 businesses in 85 countries. For more information please visit www.netguru.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
With the exception of historical or factual information, the matters discussed in this press release, including the marketing agreement, market position, market visibility, market share, and expected sales are forward looking statements that involve risks and uncertainties. Actual future results may differ. Factors that could cause or contribute to such differences in results include, but are not limited to, market acceptance and use of the Company`s products and services, market conditions worldwide, engineering needs, our ability to increase revenue and control costs and expenses, and technological change, economic conditions, changes in governmental regulations and policies, competitive products and services, unforeseen technical issues, and other factors discussed in the "Risk Factors" Section of the Company`s Form 10-KSB for the fiscal year ended March 31, 2003, as filed with the U.S. Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
netGuru, Inc.
Bruce Nelson, 714-974-2500 x-215
Santanu Das, 714-974-2500 x-329
or
Silverman Heller Associates
Dan Matsui/Eugene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: netGuru, Inc.
Thursday June 10, 7:30 am ET
Intellisys to Market eReview Collaborative Software in Australia
YORBA LINDA, Calif.--(BUSINESS WIRE)--June 10, 2004--netGuru, Inc. (Nasdaq:NGRU - News) announced a marketing agreement with Intellisys Technology LLC, a privately owned IT consulting company, under which Intellisys will exclusively market eReview to the top 100 corporations in Australia.
Headquartered in Oak Brook, Illinois, Intellisys provides information technology solutions and IT-enabling services, including ERP and EDM/PDM, to a global network of clients, including 3Com, Mitsubishi, and Mobil Oil, and companies in the Fortune 1000. Intellisys offices are located in Australia, Singapore, and India. Intellisys is also a Certified Partner with leading-edge technology companies such as Computer Associates-Australia, IBM, and Microsoft.
Intellisys Technology Director Ganesh Natarajan remarked: "We believe eReview is one of the top collaborative workflow products on the market today and are already in discussions with several large companies interested in integrating the eReview solution with their central document management systems. In Australia and New Zealand`s competitive business environment, businesses are striving to reduce cost and increase efficiency, and we feel netGuru`s eReview will help companies achieve both objectives.
"eReview provides centralized communications capability and cuts down on fax, phone, and courier costs," Natarajan continued. "Perhaps more importantly, eReview facilitates quicker decisions by enabling individuals to collaborate on both stored/retrieved documents and ad-hoc ideas via meetings. Essentially, eReview reduces costs by creating an intuitive, natural, and real-time web-based collaborative environment, and we will be highlighting eReview and these competitive features at the Australian CeBit, the largest IT show in Australia."
Amrit Das, netGuru chairman and chief executive, commented: "We are pleased to have the marketing support of Intellisys, which is a major IT services provider in Australia and New Zealand with ongoing relationships with large businesses engaged in worldwide operations. This agreement brings eReview into a new regional market, expands our overall presence in that area of the world, with Fuji-Xerox already marketing eReview in Singapore, and brings us closer to becoming the leader in collaborative viewing in the Australasian market.
"We expect this agreement to generate incremental sales in fiscal 2005 of approximately AUS$1 million, as this is a new source of business," Das added. "In general, we will continue building eReview`s visibility in the collaborative viewing market and expect further gains."
About netGuru, Inc.
netGuru is an engineering information technology and services company offering engineering and design collaborative software, solutions, and professional and technical IT services and support to businesses worldwide. netGuru serves its global markets and clients through offices located in the United States, Europe, Asia, and the Middle East, and through distributors in 40 countries. The Company licenses its engineering software and solutions to more than 20,000 businesses in 85 countries. For more information please visit www.netguru.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
With the exception of historical or factual information, the matters discussed in this press release, including the marketing agreement, market position, market visibility, market share, and expected sales are forward looking statements that involve risks and uncertainties. Actual future results may differ. Factors that could cause or contribute to such differences in results include, but are not limited to, market acceptance and use of the Company`s products and services, market conditions worldwide, engineering needs, our ability to increase revenue and control costs and expenses, and technological change, economic conditions, changes in governmental regulations and policies, competitive products and services, unforeseen technical issues, and other factors discussed in the "Risk Factors" Section of the Company`s Form 10-KSB for the fiscal year ended March 31, 2003, as filed with the U.S. Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
netGuru, Inc.
Bruce Nelson, 714-974-2500 x-215
Santanu Das, 714-974-2500 x-329
or
Silverman Heller Associates
Dan Matsui/Eugene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: netGuru, Inc.
PUSH---PUSH---PUSH !!!!!!!!!!!
Bite sofort aufhören damit bzw. nicht hinhören !
Bite sofort aufhören damit bzw. nicht hinhören !
Was? Nur 1000 Prozent?
Dafür gucke ich nicht mal aus dem Fenster...
Dafür gucke ich nicht mal aus dem Fenster...
Nur 1000 % ???
Das ist ja fast wie bashen !
Das ist ja fast wie bashen !
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