Arel Communications and Software Ltd 1999 Fourth Quarter &Year End Revenues Rise 60% &72%, Respectively;.
Business Wire › February 01, 2000
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Arel Communications and Software Ltd 1999 Fourth Quarter &Year End Revenues Rise 60% &72%, Respectively;.
Business Editors
YAVNE, Israel--(BUSINESS WIRE)--Feb. 1, 2000 Eighth Straight Quarter of Revenue Growth; Continued Major Contract Wins for Distance Learning; Arelnet Coming Into its Own, Company Split on the Horizon Arel communications and Software Limited (NASDAQ NMS:ARLCF) announced today the results for the fourth quarter and the year ended December 31, 1999. Annual revenues from sales and services rose 72% to $14,002,000 in 1999 from $8,140,000 in 1998. Gross profit for the full year of 1999 was $8,121,000, an increase of 120% over the 1998 total gross profi...See the full content of this document
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