Pomeroy Computer Resources, Inc. Financial Results, Quarter Ended July 5, 2001

Pomeroy Computer Resources today announced results for the quarter and six months ended July 5, 2001. For the quarter, the company recorded revenues of $ 205.3 million, 7.1% less than revenues of $220.9 million in Q2, 2000. For the six months ended July 5, 2001, revenues decreased 7.3% to $401.0 million from $432.5 million in the first half of 2000.

Diluted earnings per share for the quarter ended July 5, 2001 declined 46.8% to $0.33 from $0.62 in Q2, 2000. For the six months ended July 5, 2001, diluted earnings per share of $0.56 represent a 50.9% decrease from $1.14 in the comparable period in 2000.

While some of our competitors are struggling in this economic downturn, we have been able to grow revenues and improve net income over the first quarter of 2001. We have been able to achieve this growth and improvement by focusing on our customer relationships and increasing operating efficiencies, said President Stephen E. Pomeroy. We are particularly pleased with the growth in our service revenue year over year and quarter over quarter. We look forward to realizing the full benefit of our operating expense reductions throughout the rest of 2001.

SOURCE: COMPANY PRESS RELEASE

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