Though they are unaudited, ANGOSS Software Corp. is reporting strong first quarter results. First quarter 2002 revenue was $1,318,763, a 36 percent increase over 2001 revenue of $967,797. Operating income for the first quarter was $88,595 compared to an operating loss of $315,883 a year earlier. Net income for the first quarter was $513,990 compared with a 2001 net loss of $375,062. "Our continuing expansion in the first quarter reflects several factors including our leadership position in the dynamic and maturing data mining market, " says ANGOSS President Eric Apps.
The developer of data mining applications signed up several new and existing customers, including Advanta, AIG, Bank of America, Bank of Montreal, Bell Canada, CableVision, Citi, Clarica, First Union National Bank, Ford Motor Company, GE Capital, GlaxoSmithKline, Household Finance, JP Morgan Chase, MBNA, MCI Worldcom, Royal Bank of Canada, Texaco, US Bancorp, and Wells Fargo.
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