Consolidated Statement of Operations


(All amounts in TDM. Per share figures are in DM; unaudited)

3 Months ended Sept. 30, 1998 3 Months ended Sept. 30, 1997 Sept. 30, 1998 Sept. 30, 1997
Revenues
10,710
10,322
30,854
26,131
Cost of revenues
1,833
2,032
5,351
5,231
Gross profit
8,877
8,290
25,503
20,900
Operating Expenses
Sales and marketing
3,930
2,675
10,582
7,342
Research and development
1,134
820
2,963
2,221
General and administrative
1,543
1,673
4,754
4,636

Total Operating Expenses =

6,607

5,168

18,299

14,199
Operating Income
2,270
3,122
7,204
6,701

Operating income per share =

0.21

0.33

0.71

0.70
Interest and other income (expense), net
803
212
1,346
1,179
Foreign currency transaction
gain (loss), net

950
416
2,018
1,467
Income before Income Taxes
4,023
3,750
10,568
9,347
Provision for income taxes
573
35
1,488
95
Net Income
3,450
3,715
9,080
9,252
Number of shares for calculating EPS
10,786
9,558
10,136
9,558
Earnings per Share (DM/Share)
0.32

0.39

0.90

0.97

Graphisoft Group Statement of Operations and Balance Sheet