ARI Network Services, Inc. (NASDAQ: ARIS) said its total revenues for the third quarter of fiscal year 2014 were USD8.2m, which compares with USD8.1m in 2Q14 and USD8.2m for the same period last year.
Operating income was USD365,000 for the third quarter of fiscal 2014, compared with operating losses of (USD606,000) in 2Q14 and (USD493,000) for the same period last year.
Net income was USD160,000 or USD0.01 per diluted share for the third quarter of fiscal 2014, compared with net losses of (USD461,000) or USD(0.03) per share in 2Q14 and (USD571,000) or (USD0.05) per share for the same period last year.
CEO Roy W. Olivier said, “As we noted on our prior quarter earnings call, we expected year-over-year organic revenue growth in the back half of fiscal 2014 to be challenging, however, we anticipated significant improvement in our earnings and cash flow. The results for Q3 are in line with these expectations. The investments we are making in sales and marketing are having a positive impact on new sales and upsells.”
ARI Network Services offers an award-winning suite of data-driven software tools and marketing services. Its website is at investor.arinet.com.