ARI Network Services (ARIS.OB) Thursday reported third-quarter net income of $210 thousand or $0.03 per share, compared to $541 thousand or $0.07 per share in the third quarter last year.
The company said the decline was largely due to a $433 thousand gain on the disposition of a component of the business recognized in the third quarter last year that did not recur in fiscal year 2012.
Total revenues for the third quarter grew 6.7 percent to $5.7 million from $5.4 million in the third quarter last year.
Total operating expenses for the quarter increased to $4.0 million from $3.6 million last year, as a result of investments made in product research and development.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.