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Pegasus Solutions Reports Solid First Quarter 2004 Results

Pegasus Solutions, Inc. has reported its financial results for the first quarter ended March 31, 2004.Ê Revenues and earnings per share for the quarter topped the high end of the company’s guidance, with strong performance from its hotel representation service line.“I am very pleased with the first quarter results and encouraged that reservation trends indicate corporate travel is improving,” said John F. Davis III, president, chief executive officer and chairman of Pegasus Solutions.Ê Davis continued:Ê “The strong performance of our representation service line validates our strategic acquisition of Unirez.Ê As we continue to execute on our initiatives, we have substantially completed the integration of Unirez and are on track with bringing PegasusCentral back on line.”

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