Creo results exceed revenue, profit expectations

The company now expects total revenue in the range of US$174 to $175m, representing the highest quarterly revenue in the company’s history. GAAP earnings are expected to be 8 to 10 cents per diluted share. (GAAP earnings include one cent per share of intangible asset amortisation and two cents per share of restructuring costs, offset by a higher than usual financial gain from the impact of foreign currency on net monetary assets of three cents per share.)

The latest updated guidance compares to that given on November 17, 2004 of revenue between US$165m and $170m and earnings per diluted share between zero and four cents per share, after approximately two cents per diluted share in restructuring costs and one cent per diluted share of intangible asset amortisation.

The company emphasises that the results are unaudited and preliminary, and its actual results may vary, perhaps materially. Creo will provide further information about the quarter when the final results for the first quarter of 2005 are reported on Thursday, February 3, 2005.

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