MALMO, Sweden, April 23, 2003 (PRIMEZONE) -- Telelogic (Other OTC:TGIAF) (Stockholm:TLOG) interim report Jan - March 2003:
-- Costs have declined by 22%. Earnings before taxes were SEK
-27.3 million compared to -28.1 MSEK the same quarter previous year.
-- Continued strong growth in sales of the DOORS product. New license
sales increased by 22%.
-- Improved gross margin from 67.9% to 74.8%.
-- Successful sales to the defense/aerospace industry. Sales increased
by 58%.
-- Continued decline of sales to telecom - decreased by 40%.
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