Network Engines, Inc. (NEI) Q2 Results Beat Guidance with Sixth Straight Quarter of Profits
NEI, a leading global provider of server-based application platforms, deployment solutions and lifecycle support services for software technology developers and OEMs, today reported financial results for its second fiscal quarter ended March 31, 2011, with results surpassing previous guidance. “NEI’s results met or exceeded our guidance and represent our sixth consecutive quarter of profitability. Our pre-tax profit was roughly equal to the December quarter as we benefited from a more favorable mix of custom products which drove slightly higher gross margin dollars despite seasonally adjusted lower revenues. We also continue to carefully manage our expenses and leverage our infrastructure to…