Epiq Systems, Inc. Announces Third Quarter 2007 Results Led By 77% Growth for Electronic Discovery
Press release: KANSAS CITY — Epiq Systems, Inc. (NASDAQ: EPIQ) today announced results of operations for the third quarter of 2007 with operating revenue (total revenue less operating revenue from reimbursed direct costs) of $39.2 million compared to $38.2 million for the second quarter of 2007 and $34.4 million for the same period last year. September 30, 2007 year-to-date operating revenue was $112.5 million compared to $161.1 million for the prior year. The third quarter of 2006 and September 30, 2006 year-to-date revenue reflects the recognition of $6.0 million and $59.7 million, respectively, of revenue which had been previously deferred from the periods in which the related services had been provided. An expanded discussion of operating revenue is provided below. Read the rest of this entry »
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