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Integral Systems Revenue and Net Income Rise Slightly |
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LANHAM, Md., Aug. 14, 2006/Satnews Daily/ ― Integral Systems, Inc. (NASDAQ:ISYS) has reported revenues of $27.4 million in the third quarter of fiscal 2006, up from $25.4 million in the third quarter of fiscal 2005, an increase of approximately 8 percent.
Integral said third quarter operating income was $3.9 million compared to $2.6 million for the third quarter last fiscal year, an increase of approximately 47 percent, while net income was $2.8 million ($0.25 per diluted share) compared to $1.9 million ($0.18 per diluted share) for the third quarter of fiscal 2005, which represents an increase of 48 percent. Third quarter revenue, operating income, net income and earnings per share were slightly above revised guidance issued in May of this year.
Peter J. Gaffney, chief executive officer, said it is clear that the company’s strategy to deliver integrated solutions and outstanding value to customers is being realized at the bottom line where it counts.
“I am particularly gratified that all operating units of the business were profitable during the quarter and that all units (including the Product cost center) improved performance over last year's results,” remarked Gaffney.
For the nine months ended June 30, 2006 revenues were $88.8 million compared to $70.6 million for the nine months ended June 30, 2005 -- an increase of $18.2 million or 26 percent. For the current nine-month period, operating income was $13.7 million compared to $7.5 million for the same period last year, while net income increased to $9.4 million from $5.1 million, an increase of almost $4.3 million. On a fully diluted per share basis, net income increased to $0.85 during the nine months ended June 30, 2006 from $0.49 during the first nine months of fiscal 2005, an increase of 73 percent.
The company also announced that its board of directors has declared a cash dividend of $0.05 per share to all stockholders of record as of the close of business on August 31, 2006. The dividend is scheduled to be paid on or about September 27, 2006.
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