SIOS Technology, Inc. Reports Consolidated Earnings Results for the Six Months Ended June 30, 2018; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2018
July 31, 2018 at 03:45 am EDT
Share
SIOS Technology Inc. reported consolidated earnings results for the six months ended June 30, 2018. For the period, the company's net sales were JPY 6,270 million compared to JPY 6,226 million a year ago. Operating income was JPY 127 million compared to JPY 173 million a year ago. Ordinary income was JPY 131 million compared to JPY 184 million a year ago. Net income was JPY 79 million or JPY 9.11 per diluted share compared to JPY 89 million or JPY 10.39 per diluted share a year ago.
The company provided consolidated earnings guidance for the year ending December 31, 2018. For the year, the company expects net sales of JPY 13,000 million, operating income of JPY 330 million, ordinary income of JPY 330 million, net income of JPY 260 million or JPY 30.13 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. Reports Consolidated Earnings Results for the Six Months Ended June 30, 2018; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2018