SIOS Technology, Inc. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2016; Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2016
October 31, 2016 at 11:00 am EDT
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SIOS Technology, Inc. reported consolidated earnings results for the nine months ended September 30, 2016. For the period, the company reported net sales of ¥9,181 million, operating income of ¥426 million, ordinary income of ¥367 million, net income of ¥160 million or net income per basic share of ¥18.65 compared to net sales of ¥6,877 million, operating loss of ¥101 million, ordinary loss of ¥106 million, net loss of ¥139 million or net loss per basic share of ¥16.28 for the same period last year. Net income before income taxes was ¥216.895 million against net loss before income taxes of ¥100.937 million a year ago.
The consolidated company expects net sales of ¥11,500 million, operating income of ¥370 million, ordinary income of ¥310 million, net income of ¥100 million or net income per share of ¥11.62 for the full year ending December 31, 2016.
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. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2016; Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2016
SIOS CORPORATION 
