ModusLink Global Solutions, Inc. (MLNK) reported for the first quarter net income of $8.56 million or $0.19 per share, compared to a net loss of $18.64 million or $0.41 per share in the same period a year ago.
Quarterly revenues dipped 15.4% to $246.69 million from $291.41 million in the comparable period last year.
Operating income for the first quarter of fiscal 2010 improved to $11.6 million, compared to an operating loss of $10.8 million in the first quarter of fiscal 2009. The company noted that the improvement was due to better gross margin, a 26.1% reduction in Selling General & Administrative expenses and significantly lower restructuring costs compared to the year ago period.
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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.