SIOS Technology, Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2017; Provides Year End Dividend Guidance for the Year Ending December 31, 2017
April 28, 2017 at 11:00 am EDT
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SIOS Technology, Inc. announced consolidated earnings results for the first quarter ended March 31, 2017. For the period, the company reported net sales of ¥3,321 million, operating income of ¥121 million, ordinary income of ¥126 million and net income attributable to owners of the parent company of ¥59 million or ¥6.86 per diluted share compared to net sales of ¥3,281 million, operating income of ¥223 million, ordinary income of ¥207 million and net income attributable to owners of the parent company of ¥129 million or ¥15.08 per diluted share a year ago period. Net income before income taxes was ¥127.935 million compared to ¥208.514 million a year ago.
For the year ending December 31, 2017, on consolidated basis, the company expects net sales of ¥12,600 million, operating income of ¥500 million, ordinary income of ¥480 million and net income of ¥320 million or ¥37.14 per basic share.
For the year ending December 31, 2017, the company expects year-end dividend of ¥5 per share.
SIOS Corp is engaged in the development, infrastructure construction, operation support, and other businesses of information technology (IT) systems based on open source software (OSS), adding applications, operating systems and cloud computing, as well as research and development in new areas to create and provide new value. The Company operates its business through two segments. The Open System Infrastructure segment sells OSS-related products, including LifeKeeper, software that can avoid system downtime in the event of an IT system failure, and Red Hat, Inc. related products, as well as the SIOS OSS Yorozu Sodan Shitsu service that handles various inquiries related to OSS and consulting services for various information systems. The Application segment includes software products for multi-functional peripherals, management support systems for financial institutions, the Gluegent series of software as a service for cloud services, among others.
SIOS Technology, Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2017; Provides Year End Dividend Guidance for the Year Ending December 31, 2017