ARI Network Services Inc., a Milwaukee-based provider of technology-enabled business solutions for equipment dealers, distributors and manufacturers, today reported fiscal second quarter net income of $335,000, or 5 cents per share, up from $248,000, or 4 cents per share, in the same period a year ago.
The company's quarterly revenues increased 14 percent to $4.2 million, up from $3.7 million a year earlier.
"We continued to build momentum in the second quarter, with increased revenues, operating income and net income. The improvement was due to the continued growth of our marketing services business, offset slightly by a decline in the catalog business. The lower catalog sales reflect the lack of overall growth in the shared dealer segment of the worldwide electronic parts catalog market," said Brian Dearing, chairman and chief executive officer of the firm.
ARI's stock is traded over the counter.
ARI Network Services posts profitable quarter
Operand type clash: text is incompatible with int
advertisement
Sorry, the story you tried to comment on is not accepting comments.