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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): May 12, 1998
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Keane, Inc.
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(Exact Name of Registrant as Specified in Charter)
Massachusetts
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(State or Other Jurisdiction of Incorporation)
1-7516 04-243-7166
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(Commission File Number) (I.R.S. Employer Identification No.)
Ten City Square
Boston, Massachusetts 02129
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(Address of Principal Executive Offices) (Zip Code)
(617) 241-9200
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On May 12, 1998, Keane, Inc. (the "Registrant") issued, in response to
investor inquiries, a press release reaffirming that there are no known issues
with respect to or changes in the Registrant's business outlook (the "Press
Release"). A copy of the Press Release is attached as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Businesses Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
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99.1 Press Release, dated May 12, 1998.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: May 12, 1998 KEANE, INC.
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(Registrant)
By: /s/ Wallace A. Cataldo
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Wallace A. Cataldo
Vice President - Finance
and Administration
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EXHIBIT INDEX
Exhibit
Number Description
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99.1 Press Release, dated May 12, 1998.
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EXHIBIT 99.1
KEANE PRESS RELEASE
CONTACT:Carol DeMatteo
Public Relations
(617) 241-9200 x1293
IN RESPONSE TO INVESTOR INQUIRIES
KEANE REAFFIRMS STRONG BUSINESS OUTLOOK
BOSTON, May 12, 1998 - In response to investor inquiries concerning the
recent drop in its stock price, management of Keane, Inc. (AMEX:KEA) today
reaffirmed that there are no known issues or changes in the company's business
outlook.
"Keane's business continues to be strong," said John F. Keane, chairman and
CEO for Keane, Inc. "We are experiencing significant revenue and earnings
growth, and backlog of strategic services, including year 2000, application
outsourcing and application development, continue to grow."
During the First Quarter ended March 31, 1998, Keane reported revenues of
$209.2 million, up 48 percent as compared to $141.1 million in the First Quarter
of 1997. Keane also reported earnings per share of $.28 on 67,976,000 shares,
up 95 percent from the First Quarter of 1997.
Headquartered in Boston, Massachusetts, Keane, Inc. is an $800 million firm
that helps companies build and manage high-performance IT organizations. Keane
does this by adhering to rigorous process and management disciplines and
performance metrics incorporated in its six core IT solutions. Keane's services
include IT consulting, application development, application outsourcing, year
2000 compliance, help desk outsourcing, and enterprise healthcare solutions.
These service offerings are delivered through a North American network of more
than 40 branch offices. Information about Keane, which was recently named the
Wall Street Journal's Best 10-Year Performer, is available via the Internet's
World Wide Web at http://www.keane.com.
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This press release contains forward-looking statements that involve a number of
risks and uncertainties, including statements regarding the outlook for the
company's business and results of operations. There are a number of factors that
could cause actual results to differ materially from those indicated. Such
factors include, without limitation, the various factors set forth under the
caption "Certain Factors That May Affect Future Results" in Keane's annual
report or Form 10-K for the year ended December 31, 1997, which important
factors are incorporated herein by reference.
