Rand Worldwide, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended December 31, 2011
February 14, 2012 at 11:00 am EST
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Rand Worldwide, Inc. announced earnings results for the second quarter and six months ended December 31, 2011. For the quarter, the company reported total revenues of approximately $22.5 million, which yield a gross margins of $10.6 million, net income of a $1,039,000 and EBITDA of $1,743,000, which is almost 8% of total revenues. Fully diluted earnings per share for the quarter were $0.02 per share.
For the six months, the company reported approximately $44.4 million in total revenue. And overall gross margin percentage of 45.2%, which yielded net income of $1,441,000 or $0.03 per share and EBITDA of slightly more than $2.7 million.
Rand Worldwide, Inc. is a supplier in the design automation, facilities and data management software marketplace. It also provides value-added services, such as training, technical support and other consulting and professional services to businesses, government agencies and educational institutions worldwide. It has five divisions: IMAGINIT Technologies (IMAGINIT), Rand Simulation, Facilities Management, ASCENT and Rand 3D. The IMAGINIT division provides Autodesk solutions and system integration and consulting services to customers in the manufacturing, infrastructure, building and media and entertainment industries. The Rand Simulation division offers Ansys engineering simulation software to help organizations incorporate. The Facilities Management division offers ARCHIBUS products for facilities management software for space planning, strategic planning and lease/property administration, and provides a full range of training, consulting and support services for the ARCHIBUS products.
RAND WORLDWIDE, INC. 
