ARI Network Services (ARIS.OB) Posts Solid Q2 and Half-Year 2010 Results, Leveraged by Strong Operations
ARI Network Services Inc., a leading provider of technology-based retail solutions for automotive dealers, distributors and manufacturers, today posted its results for the fiscal second quarter ended Jan. 31, 2010, posting a 35 percent revenue increase and strong operating results. Revenues for the quarter were reported at $5.4 million, a 35 percent hike from $4.0 million reported for the second quarter of 2009. Operating income increased 9 percent to $329,000 for the second quarter of 2010, compared to $303,000 for the second quarter of 2009. Net income increased to $176,000, or $0.02 per share, for the second quarter of fiscal…