IT Technology

Metro Information Services, Inc.

The Company

Metro Information Services <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: MISI)") else Response.Write("(Nasdaq: MISI)") end if %> is a national provider of IT consulting services operating 24 offices in 13 states and Puerto Rico. The company employs more than 1,300 consultants as well as utilizing "temporary" specialists at many of its 320 client sites. As far as building brand loyalty, Metro offers some impressive numbers. 88% of its revenue comes from clients that have already been using Metro's services for over a year. Its ten largest clients have been with Metro for more than five years, and its three largest clients have been with it for more than ten years. The company's clients include such heavy hitters as GTE Data Services, Microsoft, NationsBank, Norfolk Southern, NORTEL & Virginia Power.

Latest Financials

First quarter 1997 revenue rose to $33,045,000, an increase of 26% over first quarter 1996 revenue of $26,328,000. First quarter 1997 net income rose to $1,832,000, an increase of 51% over first quarter 1996 pro forma net income of $1,213,000. First quarter 1997 earnings per share rose to $0.13 vs. first quarter 1996 pro forma earnings per share of $0.09. Operating income margins for the first quarter of 1997 improved to 8.3% vs. 8.0% in the year-ago quarter. (Go to next snapshot.)

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