ARI Network Services reports higher 3Q profit

Milwaukee-based ARI Network Services Inc. today reported fiscal third quarter operating results.

ARI, which offers a suite of data-driven software tools and marketing services used for sales activities by dealers, equipment manufacturers and distributors, recorded $339,000, or 2 cents per share, in net income during the quarter, up from $160,000, or 1 cent per share, in the third quarter of 2014.

Operating income totaled $675,000, up from $365,000 in the same period a year ago.

And revenue was $10.3 million in the third quarter, up 25.7 percent from $8.2 million in the third quarter of 2014.

During the quarter, ARI completed its acquisition of Wexford, Pa.-based TASCO and its affiliated company, Signal Extraprise Corp., which make business management software used in the automotive tire and wheel aftermarket.

“Our results for the third quarter and our fiscal year to date reflect our continued ability to grow revenues while generating solid profitability and cash flow,” said Roy Olivier, president and chief executive officer of ARI. “In Q3, we completed the TASCO acquisition, which with TCS, consolidates two industry-leading platforms of business management software in the automotive tire and wheel aftermarket. In addition, the equity offering we did in May leaves us well positioned to execute on our future acquisition strategy.”

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