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Bitmap Image  |  1996-06-21  |  206KB  |  615x332  |  8-bit (42 colors)
Labels: bulletin board | reckoner | sky
OCR: Sales and marketing expenses increased in fiscal 1995 but declined as a percentage of total revenues The increase was due primarily marketing and promotional efforts associated with new product releases the additional staffing required support these efforts, and the higher payroll and related expenses as a result of the increased headcount due to the merger with Altsys Corporation Altsys). In addition, higher revenue also led to increases in certain variable selling expenses. Research and development expenses increased in fiscal 1995 but declined as percentage of total revenues The increase was due primarily additional headcount result of the merger with Altsys. The Company rel leased five major products in fiscal 1995 compared to seven in fiscal 1994 General and administrative expenses in ...