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Financial services

Computer Research Reports 13% Revenue Growth, Positions for Stronger Market Position

Strategic Insights

— 1 min read

Computer Research, a provider of computerized accounting and support services to securities broker/dealers, banks, and other investment firms, reported a notable 13% increase in revenues for the fiscal year ended August 31, 1995, driven by a 35% surge in the number of transactions processed for clients. The company's net income for the year was $398,139, or $0.10 per share, on revenues of $6,217,753, compared to a net income of $5,082 and revenues of $5,494,066 for the previous year. The expanded trading activity was primarily attributed to the addition of new clients and increased trading by existing clients, with the majority of growth occurring in the final six months of the fiscal year.

Key Takeaways:

  • Revenues for the fiscal year ended August 31, 1995, increased by 13% to $6,217,753, driven by a 35% increase in transactions processed for clients.
  • Net income for the year was $398,139, or $0.10 per share, on revenues of $6,217,753.
  • The company's revenues are affected by trading volume reflected in the number of stock and bond trading transactions it processes for clients.
  • President James L. Schultz attributed the revenue growth to the addition of new clients and increased trading by existing clients, with the majority of growth occurring in the final six months of the fiscal year.
  • The company will convert its software to operate on IBM computer equipment, aiming to market its products to larger banks and financial institutions that prefer in-house computer systems.
  • The software conversion project will not affect the company's ability to serve clients with its existing computer equipment.

Statistics:

  • Revenue growth: 13%
  • Increase in transactions processed: 35%
  • Net income ($): $398,139
  • Net income (per share): $0.10
  • Revenues ($): $6,217,753
  • Previous year revenues ($): $5,494,066
  • Previous year net income ($): $5,082
  • Trading volume impact on revenues: significant, driven by stock and bond trading transactions.

Sources:

  • Computer Research press release
  • OTC Bulletin Board (CRIX)
  • Contact information: James L. Schultz, president of Computer Research, 412-262-4430; Jack Maddigan of Maddigan Communications, 412-344-9050, for Computer Research.

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