Milwaukee-based ARI Network Services Inc. reported fiscal second quarter net income of $260,000, or 2 cents per share, compared with a net loss of $461,000, or 3 cents lost per share, in the second quarter of 2014.
The company, which provides data-driven software tools and marketing services for dealers, distributors and manufacturers, reported quarterly operating income of $670,000, compared with a loss of $606,000 in the second quarter of 2014.
Revenue was $10.1 million in the second quarter, up from $8.1 million a year ago.
ARI leaders attributed the income increases to revenue growth, as well as cost efficiencies and reductions made in fiscal 2014. The second quarter of 2014 included a $234,000 charge for termination benefits.
“Our results for the second quarter and the mid-point of our fiscal year reflect continued execution against our goals,” said Roy Olivier, president and chief executive officer of ARI. “We achieved high single-digit organic growth and have also grown revenue through our integration of the TCS transaction. As a result, our quarterly revenue topped $10 million for the first time, and we achieved overall revenue growth of 24.6 percent. In addition, we were able to significantly improve upon both our profit and EBITDA performance from the prior year.”
