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eOn Communications Reports Quarterly Increase in Revenues and Profits.

Publication: PR Newswire
Publication Date: 27-AUG-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
eOn Communications Corporation(TM) , a leading provider of unified voice, e-mail and Web-based communications solutions, today reported financial results for the fourth quarter and fiscal year ended July 31, 2003. Revenues for the quarter increased 35% to $5,035,000, compared with $3,728,000 for the same period last year.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010517/EONLOGO )

Net income for the fourth quarter was $207,000, or $0.02 per share, compared with a net loss of $2,984,000, or ($0.25) per share, in the prior- year period. Cash flow from operations for the quarter was $740,000, with total cash and investments increasing from $6,841,000 at April 30, 2003, to $7,421,000 on July 31, 2003.

"I am very pleased with our continuing improvement, as demonstrated by the fourth quarter results," said Troy Lynch, eOn's president and chief executive officer. "Despite the less than favorable capital expenditure environment in the U.S., we were able to record impressive year-over-year growth in both revenues and earnings. Our continued focus on expense controls and working capital...

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