Insignia Solutions reported revenues of $15.7 million for the second quarter ended June 30, 1996, an increase of 27% compared to $12.3 million in the June 1995 quarter. Earnings per share for the June 1996 quarter were $0.11 on 13.0 million shares, compared to $0.10 on 11.4 million shares in the June 1995 quarter.
The company reported revenues of $30.4 million for the six months ended June 30, 1996, an increase of 23% compared to $24.8 million in the prior year. Earnings per share for the six-month period were $0.17 on 12.9 million shares, compared to $0.23 on 11.4 million shares in the prior year.
The results for the three and six month periods ended June 30, 1996 include recognition of a $500,000 deferred tax asset benefit as well as a $250,000 charge for the uninsured portion of shareholders' litigation costs.
"The revenues for the second quarter reflected a healthy growth of our Windows(R) NT(R)-based NTRIGUE(TM) product line," said Robert P. Lee, Insignia Solutions' president and CEO. "In fact, NTRIGUE was awarded Analyst's Choice in this week's issue of PC Week (July 22, 1996), which summarized NTRIGUE 2.0 as 'an excellent choice for companies that want to standardize on Windows applications but still let networked users work on the platform of their choice -- ranging from x86 PCs to Mac and UNIX workstations.'"
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