ATLANTA … Ptek Holdings (NASDAQ: PTEK) had a operating income of $19.5 million on $87.4 million in revenue from continuing operations during the second quarter. Those results compare with a $16.6 million operating loss on $84.1 million in revenue during the same period a year ago.
“Our focus on delivering leading services to the conferencing and multimedia messaging markets has continued to generate solid financial results,” Boland T. Jones, founder, chairman and chief executive of Ptek, said in a statement. “Our commitment to top-line revenue growth and improved bottom-line performance has helped our company realize gains, even when general market conditions remain very challenging.”
Although revenue and earnings were down from a year ago at Ptek’s Xpedite unit, the total number of messages delivered by the operation rose to more than 550 million in the second quarter. messageREACH volume was up 28 percent and voiceREACH volume increased 390 percent from the second quarter of 2001.
Xpedite also added numerous customers during the most recent quarter, including Jet Blue Airways, the Miami Dolphins and Sovereign Bank in North America; Ernst & Young (Switzerland), Morgan Stanley (Spain), Readers Digest, Vodafone and National Car Rental in the United Kingdom; and Daido Life Insurance, Fujiawa Medical Systems Japan Management and Tokyu Livable in Japan.
Ptek’s Premiere Conferencing operation generated volume and revenue growth for both its ReadyConference automated conferencing service and its PremiereCall attended service. It also expanded its corporate customer base in the second quarter by adding more than 750 new domestic customers, including Honeywell, Janus Funds, Farm Credit Financial, BASF, Sylvan Learning Systems and Williams-Sonoma. New international customers include Mobil Oil in Australia, Bayer, 3M, Cap Gemini and Steelcase in Germany and BMI British Midland and JP Morgan in the United Kingdom.
Based on the company’s performance through the first half of 2002, Ptek has revised estimates for continuing operations for 2002 and 2003 upwards, calling for earnings per share in the range of 27 to 29 cents this year and 44 to 49 cents next year. Revenue and operating income projections remain the same.
Ptek Holdings: www.ptek.com