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.
Click here to receive FREE breaking news email alerts for ARI Network Services Inc and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News