American Management Systems Inc.

From the April 28, 1997 Washington Post

	'96 (in $ 000s)	% Change From '95
Revenue	812,000	28.4
Net Income	15,500	(46.9)
Rank Last Year: 30

Description:
American Management Systems Inc. is an information-technology consulting company and computer systems developer. Its clients include telecommunications companies, financial institutions, universities and federal, state and local government agencies.

Business Resume: Contact Info -- 4050 Legato Rd. Fairfax, Va. 22033 703-267-5000 Main Business -- Consulting Founded -- 1970 Chairperson -- Charles O. Rossotti President -- Philip M. Giuntini Employees -- 6,800 D.C.-Area Employees -- 2,800

Developments:
AMS reported healthy increases in services and products across most of its divisions, particularly those that deal with telecommunications and financial services companies. Revenue growth from state and local governments outpaced that from the federal government.

International business continued to rise for the company and now accounts for 37 percent of its revenue. Its overseas sales are strongest in Europe.

For the fourth quarter, the company initially told shareholders that it earned $8.2 million. But in March AMS reversed its announcement, saying it actually lost $10.1 million in the period. The company attributed the change to a payment dispute with a foreign phone company for which AMS is designing a billing system.

The company recently formed an electric and gas utilities practice to help energy providers anticipate changes caused by deregulation.

In February AMS said it had developed an interactive lending system for the Bank of Montreal that allows customers to apply for loans and receive approval over the World Wide Web. AMS hopes to sell the system to other financial institutions as well.