Emtec, Inc. reported net income of $1.7 million, or $0.12 per share, for the fiscal year ending 8/31/2009. These results were up significantly from the $1.3 million, or $0.09 per share, reported in fiscal 2008. Earnings before interest, taxes, depreciation and amortization (EBITDA) for fiscal 2009 were reported at $6.4 million.
Emtec, Inc. saw a large jump in Services and Consulting revenue for the fiscal year, which came in at $55.8 million, up from $20.6 million in fiscal 2008. The Services and Consulting segment now comprises 25% of total company revenue. Emtec, Inc. also increased its gross margin in the fiscal year to 14.7%, and reduced its long-term debt by $2.4 million.
Dinesh Desai, the CEO of Emtec, Inc., said, “In light of the continued economic downturn I am delighted to be able to report this improved annual performance once again…early in the year we took measures to preserve long term value for the Company and eliminate certain excess costs.”
Emtec, Inc. is an information technology company that provides staffing, consulting, and technology infrastructure to federal, state and local governments in Canada and the United States.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Stock Report http://video.qualitystocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment