-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JBZQMi1c9YFD/ij8BCa4mW30A+OCwZYFQe/wibu6pit7Rd0mmHrxxcqiRUtbrdED spLE6Jh1AXbo7IEDSr/QbA== 0000891618-97-002953.txt : 19970721 0000891618-97-002953.hdr.sgml : 19970721 ACCESSION NUMBER: 0000891618-97-002953 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970718 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970718 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASPECT TELECOMMUNICATIONS CORP CENTRAL INDEX KEY: 0000779390 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 953962471 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18391 FILM NUMBER: 97642444 BUSINESS ADDRESS: STREET 1: 1730 FOX DR CITY: SAN JOSE STATE: CA ZIP: 95131 BUSINESS PHONE: 4084412200 MAIL ADDRESS: STREET 1: 1730 FOX DRIVE CITY: SAN JOSE STATE: CA ZIP: 95131 8-K 1 FORM 8-K DATED JULY 18, 1997 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT July 18, 1997 ----------------- ASPECT TELECOMMUNICATIONS CORPORATION (Exact name of registrant as specified in its charter) 0-18391 (Commission File Number) California 94-2974062 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 1730 Fox Drive San Jose, CA 95131-2312 (Address of principal executive offices, with zip code) (408) 325-2200 (Registrant's telephone number, including area code) 2 ITEM 5. OTHER EVENTS On July 16, 1997, Aspect Telecommunications Corporation, a California corporation (the "Company") announced its financial results for the quarter ended June 30, 1997. Further details regarding this announcement are contained in the Company's press release dated July 16, 1997 attached as an exhibit hereto and incorporated by reference herein. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) EXHIBITS. Exhibit 99 Aspect Telecommunications Corporation Press Release dated July 16, 1997. -2- 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ASPECT TELECOMMUNICATIONS CORPORATION Date: July 18, 1997 By: /s/ ERIC J. KELLER ------------------------ Eric J. Keller Chief Financial Officer (Duly Authorized and Principal Financial and Accounting Officer) -3- 4 ASPECT TELECOMMUNICATIONS CORPORATION INDEX TO EXHIBITS Sequential Page Exhibit Number Description Number - -------------- ----------- --------------- 99 Press Release dated July 16, 1997 -4- EX-99 2 PRESS RELEASE DATED JULY 16, 1997 1 EXHIBIT 99 FOR RELEASE ON JULY 16, 1997 1:15 PST FOR MORE INFORMATION CONTACT: Eric Keller or Lois Eckmann (408) 325-2200 ASPECT TELECOMMUNICATIONS ANNOUNCES RECORD FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 1997 SAN JOSE, CA, JULY 16, 1997 -- Aspect Telecommunications Corporation (Nasdaq:ASPT) reported today record financial results including new highs for net revenues, income from operations, net income and earnings per share for the quarter ended June 30, 1997. Net revenues of $93.5 million for the quarter ended June 30, 1997 grew 28 percent compared to the same quarter of last year and grew 2 percent compared to the quarter ended March 31, 1997. For the first six months of 1997, revenues reached $185.2 million, an increase of 32% over the first six months of 1996. Second quarter results for 1997 included a gain of approximately $2 million ($0.02 per share, after tax) related to the sale of appreciated equity securities. Including the gain, net income of $12.6 million increased 39 percent when compared to the same quarter last year and increased 12 percent when compared to the prior quarter of 1997. On the same basis, net income for the first six months of 1997 was $23.8 million, an increase of 36% over the first six months of the last fiscal year. Fully-diluted earnings per share of $0.24, including the gain, for the second quarter of 1997 compares to $0.18 for the second quarter of last year and $0.21 for the prior quarter. Commenting on these results, James R. Carreker, the Company's chairman and chief executive officer stated, "We are pleased to report another quarter of record financial results for the period ended June 30, 1997." All financial results for 1996 have been restated to reflect the acquisitions of Envoy Holdings Limited on September 30, 1996 and Prospect Software, Inc. on October 21, 1996. Both acquisitions were accounted for as pooling of interests. Share and per share amounts contained in this release have been adjusted for the two-for-one stock split effective January 28, 1997. Founded in 1985, Aspect Telecommunications is a global provider of comprehensive business solutions for mission-critical call centers. Aspect products include automatic call distributors, interactive response systems, call center management information and reporting tools, call center planning and forecasting packages, and computer-telephony integration tools and software. Aspect also provides services vital to call center environments, including business applications consulting, systems integration and training. World headquarters are located in San Jose, California. For additional information, visit Aspect on the World Wide Web at http://www.aspect.com. Note: Aspect Telecommunications and the Aspect logo are registered trademarks of Aspect Telecommunications Corporation. - tables follow - 2 ASPECT TELECOMMUNICATIONS CORPORATION CONSOLIDATED BALANCE SHEETS (in thousands)
June 30, 1997 December 31, 1996 ------------- ----------------- (Unaudited) Assets Current assets: Cash, cash equivalents and short-term investments $134,189 $115,797 Accounts receivable, net 67,624 53,211 Inventories 11,403 15,485 Other current assets 13,848 14,731 -------- -------- Total current assets 227,064 199,224 Property and equipment, net 56,521 51,348 Intangible assets, net 26,970 28,888 Other assets 3,512 3,633 -------- -------- Total assets $314,067 $283,093 ======== ======== Liabilities and shareholders' equity Current liabilities: Accounts payable $ 11,758 $ 8,187 Accrued liabilities 37,987 31,477 Customer deposits and deferred revenue 14,781 19,481 -------- -------- Total current liabilities 64,526 59,145 Note payable 4,500 4,500 Shareholders' equity 245,041 219,448 -------- -------- Total liabilities and shareholders' equity $314,067 $283,093 ======== ========
3 ASPECT TELECOMMUNICATIONS CORPORATION CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data - unaudited)
Three Months Ended Six Months Ended --------------------- ----------------------- June 30, June 30, 1997 1996 1997 1996 ------- ------- -------- -------- Net revenues: Product $65,932 $54,927 $133,484 $105,501 Customer support 27,610 17,978 51,676 34,429 ------- ------- -------- -------- Total net revenues 93,542 72,905 185,160 139,930 Cost of revenues: Cost of product revenues 20,479 18,097 43,684 34,634 Cost of customer support revenues 19,673 12,935 36,899 24,739 ------- ------- -------- -------- Total cost of revenues 40,152 31,032 80,583 59,373 ------- ------- -------- -------- Gross margin 53,390 41,873 104,577 80,557 Operating expenses: Research and development 11,550 8,181 22,512 15,665 Selling, general and administrative 24,820 19,580 48,204 37,622 ------- ------- -------- -------- Total operating expenses 36,370 27,761 70,716 53,287 ------- ------- -------- -------- Income from operations 17,020 14,112 33,861 27,270 Interest and other income, net 3,428 314 4,841 551 ------- ------- -------- -------- Income before income taxes 20,448 14,426 38,702 27,821 Provision for income taxes 7,872 5,352 14,900 10,322 ------- ------- -------- -------- Net income $12,576 $ 9,074 $ 23,802 $ 17,499 ======= ======= ======== ======== Primary earnings per share: Net income per share (a) $ 0.24 $ 0.19 $ 0.46 $ 0.38 ======= ======= ======== ======== Shares used in per share computations (a) 51,956 46,622 52,201 46,346 ======= ======= ======== ======== Fully diluted earnings per share: Net income per share (a) $ 0.24 $ 0.18 $ 0.46 $ 0.35 ======= ======= ======== ======== Shares used in per share computations (a) 52,063 52,282 52,201 52,143 ======= ======= ======== ========
(a) Share and per share data for all periods presented reflect a two-for-one stock split effective January 28, 1997. -----END PRIVACY-ENHANCED MESSAGE-----