Milwaukee-based ARI Network Services Inc., which provides sales software and marketing tools for dealers, distributors and manufacturers, reported a higher profit in its fiscal second quarter.
The company, which has 382 employees and serves customers in more than 100 countries from 10 offices, recorded $448,000, or 3 cents per share, in net income in the second quarter, up from $260,000, or 2 cents per share, in the second quarter of 2014.
Operating income totaled $873,000 in the quarter, up from $670,000 in the same period a year ago.
Net revenue was $11.8 million in the second quarter, up 16 percent from $10.1 million in the second quarter of 2014.
“The second quarter results continue to demonstrate that we are successfully executing against our strategy as operating income and adjusted EBITDA increased at a faster rate than our overall revenue,” said Roy Olivier, president and chief executive officer. “Further, our total bookings remain strong and in Q2 were up 24 percent, which we believe will allow us to accelerate organic revenue growth in the back half of the fiscal year.”
