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 Cicero Inc (PINK:CICN)

Wednesday, April 25, 2012
Comments & Business Outlook

First Quarter 2012 Results

  • For the three months ending March 31, 2012, the company generated revenues of approximately $3,669,000 as compared with $729,000 in the same period one year ago or an increase of 403%.
  • The Company was able to generate net income of approximately $2,157, 000 or $.04 per share as compared to a net loss of approximately ($435,000) in the same period one year ago.

"Our performance in the first quarter of 2012 is the result of an extremely dedicated team and exceptional technology," said John Broderick, CEO. "We have previously announced two very significant contracts in the BPO and Financial services sectors, which we will build upon in the coming months. Our technology is being recognized by the business community and deployed by Fortune 100 companies. The combination of a solid financial quarter and our strengthened balance sheet should help us reach our targets in 2012."