Matrikon reports first-quarter profit, revenue grows to $25.5 million
Matrikon Inc. (TSX:MTK) said Monday its latest quarterly profit held steady compared with a year ago as revenue climbed 30 per cent.
The provider of software and other technology for factories and other industrial uses said Monday it earned $2.8 million or nine cents per share for the quarter ended Nov. 30 compared with a profit of $2.8 million or nine cents per share a year ago.
Revenue for what was the company's first quarter totalled $25.5 million, up from $19.6 million.
"Some of our recently announced contract wins resulted in record consulting and equipment revenue and strong software revenue in the quarter," Matrikon president and CEO Nizar Somji said in a statement.
"We expect that as we continue to execute these contracts and close other opportunities in our pipeline, we will continue to grow our top line and profitability throughout this fiscal year and beyond."