SCT Estimates Second Fiscal Quarter Results, Announces Conference Call

Apr 03, 2001, 01:00 ET from SCT

    MALVERN, Pa., April 3 /PRNewswire/ -- SCT (Nasdaq:   SCTC), a leading global
 provider of e-business solutions, today announced it expects a loss per share
 of approximately $.11 to $.13, before charges for asset impairment, for its
 second fiscal quarter which ended March 31.  This compares to earnings per
 diluted share of $.11 during the second quarter of the prior year.  Revenues
 for the quarter are expected to be between $100 million and $104 million,
 which compares to $114 million in the prior year period.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20001006/PHF017LOGO )
     For the quarter, the company will also take a charge for impairment of
 value in its investments in Internet-related companies.  The amount of the
 charge is estimated to be in the range of $9 million to $12 million.  This
 charge is not reflected in the earnings estimates.
     The company is taking a number of actions designed to allow it to remain
 in a leadership position through the economic slowdown.  The company plans to
 reduce costs by approximately 5 percent.  In connection with the cost
 reduction, SCT plans to incur a restructuring charge primarily for severance
 and other employee-related costs in the third fiscal quarter, which ends June
 30.
     "The continuing pressures in general business conditions, felt most
 especially in the tech sector, have negatively impacted our quarter," said
 Mike Emmi, chairman and CEO of SCT.  "We are disappointed by this downturn,
 but believe that we are well positioned for growth in our four vertical
 markets."
     SCT's second quarter results will be released in mid-April, 2001.
     The company will hold a conference call at 5 PM (EST), April 3rd to
 discuss its results.  The number to call is 1-212-896-6003.  No passcode is
 required.  The taped call will be available for 7 days following the
 conference call at 1-800-633-8284 (Domestic) or 1-858-812-6440
 (International), reservation #18511009.
 
     About SCT
     SCT provides and supports e-business solutions that enable clients to
 achieve breakthrough business results.  The company's unique and powerful
 e-business solutions combine application software and services to deliver
 benefits quickly.  As a global operation, SCT offers specific solutions for
 four industry markets: energy, utilities and communications; education;
 process manufacturing and distribution; and courts and state and local
 government.  SCT has more than 3,400 employees and serves more than 2,800
 clients worldwide.  The company is headquartered in Malvern, Pa.
 
     The matters discussed in this press release that are forward-looking
 statements are based on current management expectations that involve risks and
 uncertainties that could cause actual results to differ materially from those
 anticipated.  Potential risks and uncertainties include, without limitation,
 the impact on the Company of rapidly changing areas such as the Internet,
 on-line services and electronic commerce; the Company's ability to reduce
 costs effectively and in a timely manner; the potential growth of distance
 education; continued market acceptance of the Company's products and services;
 the ability of WebCT, Campus Pipeline, and SCT to accomplish their integration
 plans and meet development schedules; the timing of the receipt of software
 licenses; competitive and pricing pressures in the markets which the Company
 serves; the Company's ability to complete fixed-price contracts profitably;
 the timing of the receipt of services contracts and renewals; the Company's
 ability to develop and market innovative products and enhancements
 cost-effectively and on a timely basis; the Company's ability to attract and
 retain highly skilled technical, managerial, sales and marketing personnel;
 general economic conditions; and other risks and uncertainties more
 specifically set forth in the Company's filings with the Securities and
 Exchange Commission.
 
 

SOURCE SCT
    MALVERN, Pa., April 3 /PRNewswire/ -- SCT (Nasdaq:   SCTC), a leading global
 provider of e-business solutions, today announced it expects a loss per share
 of approximately $.11 to $.13, before charges for asset impairment, for its
 second fiscal quarter which ended March 31.  This compares to earnings per
 diluted share of $.11 during the second quarter of the prior year.  Revenues
 for the quarter are expected to be between $100 million and $104 million,
 which compares to $114 million in the prior year period.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20001006/PHF017LOGO )
     For the quarter, the company will also take a charge for impairment of
 value in its investments in Internet-related companies.  The amount of the
 charge is estimated to be in the range of $9 million to $12 million.  This
 charge is not reflected in the earnings estimates.
     The company is taking a number of actions designed to allow it to remain
 in a leadership position through the economic slowdown.  The company plans to
 reduce costs by approximately 5 percent.  In connection with the cost
 reduction, SCT plans to incur a restructuring charge primarily for severance
 and other employee-related costs in the third fiscal quarter, which ends June
 30.
     "The continuing pressures in general business conditions, felt most
 especially in the tech sector, have negatively impacted our quarter," said
 Mike Emmi, chairman and CEO of SCT.  "We are disappointed by this downturn,
 but believe that we are well positioned for growth in our four vertical
 markets."
     SCT's second quarter results will be released in mid-April, 2001.
     The company will hold a conference call at 5 PM (EST), April 3rd to
 discuss its results.  The number to call is 1-212-896-6003.  No passcode is
 required.  The taped call will be available for 7 days following the
 conference call at 1-800-633-8284 (Domestic) or 1-858-812-6440
 (International), reservation #18511009.
 
     About SCT
     SCT provides and supports e-business solutions that enable clients to
 achieve breakthrough business results.  The company's unique and powerful
 e-business solutions combine application software and services to deliver
 benefits quickly.  As a global operation, SCT offers specific solutions for
 four industry markets: energy, utilities and communications; education;
 process manufacturing and distribution; and courts and state and local
 government.  SCT has more than 3,400 employees and serves more than 2,800
 clients worldwide.  The company is headquartered in Malvern, Pa.
 
     The matters discussed in this press release that are forward-looking
 statements are based on current management expectations that involve risks and
 uncertainties that could cause actual results to differ materially from those
 anticipated.  Potential risks and uncertainties include, without limitation,
 the impact on the Company of rapidly changing areas such as the Internet,
 on-line services and electronic commerce; the Company's ability to reduce
 costs effectively and in a timely manner; the potential growth of distance
 education; continued market acceptance of the Company's products and services;
 the ability of WebCT, Campus Pipeline, and SCT to accomplish their integration
 plans and meet development schedules; the timing of the receipt of software
 licenses; competitive and pricing pressures in the markets which the Company
 serves; the Company's ability to complete fixed-price contracts profitably;
 the timing of the receipt of services contracts and renewals; the Company's
 ability to develop and market innovative products and enhancements
 cost-effectively and on a timely basis; the Company's ability to attract and
 retain highly skilled technical, managerial, sales and marketing personnel;
 general economic conditions; and other risks and uncertainties more
 specifically set forth in the Company's filings with the Securities and
 Exchange Commission.
 
 SOURCE  SCT

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http://www.sctcorp.com