Evertz Technologies Reports Drop in Revenue

18 Dec

SCRI's NewsBriefs

Follow Broadcast Pro Video Breaking News on Twitter

  • Share
  • Share

Evertz Technologies Limited, an equipment provider to the television broadcast industry, reported its results for the second quarter ended October 31, 2011, of its fiscal 2012 year.

For the quarter ended October 31, 2011, revenues were $70.5 million as compared to revenues of $82.3 million for the quarter ended October 31, 2010. For the quarter, revenues in the United States/Canada region were $35.9 million. The International region had revenues of $34.6 million.

For the quarter ended October 31, 2011 gross margin was $40.4 million compared to $47.6 million in the same quarter last year. Gross margin percentage was approximately 57.3% compared to 57.9% for the quarter ended October 31, 2010.

For the quarter ended October 31, 2011 net earnings were $16.1 million as compared to $20.9 million in the corresponding period last year.

For the quarter ended October 31, 2011, earnings per share on a fully-diluted basis were $0.22 as compared to $0.28 in the same period in 2010.

Comments are closed.