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August 11, 2005
Financial Results Wrapup
ARAMARK Corporation reported record sales of $2.8 billion for the 2005 third quarter, up 8 percent from the prior year quarter. Net income increased 11 percent over the 2004 third quarter to $71.4 million and diluted earnings per share increased 15 percent to $0.38.
Hewitt Associates, Inc. reported net revenues (revenues before reimbursements)for the third quarter,increased 29%, to $711.9 million, from $551.8 million in the prior-year quarter. Outsourcing revenues increased 41%, and consulting revenues increased 8%. Reported net income for the quarter was $33.0 million, $0.31 per diluted share, versus $29.9 million, $0.30 per diluted share, in the prior-year quarter.
Nortel Networks Corporation reported revenues of $2.86 billion for the second quarter of 2005 compared to $2.59 billion for the second quarter of 2004 and $2.54 billion for the first quarter of 2005. Net earnings were $45 million, or $0.01 per common share on a diluted basis, compared to net earnings of $16 million, or $0.00 per common share on a diluted basis, in the second quarter of 2004 and a net loss of $49 million, or ($0.01) per common share on a diluted basis, in the first quarter of 2005.
SOURCECORP, Inc. reported revenues for the second quarter of 2005 of $106.5 million and earnings of $0.37 per share from continuing operations.
Posted by jbowles at August 11, 2005 01:52 PM
