Rand Worldwide, Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014
May 14, 2014
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Rand Worldwide, Inc. reported consolidated earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company's total revenue was $25,323,000 compared to $24,108,000 a year ago. Operating income was $3,676,000 compared to $2,988,000 a year ago. Net income was $2,228,000 compared to $1,775,000 a year ago. Basic and diluted earnings per share were $0.04 compared to $0.03 a year ago. Adjusted EBITDA was $4,238,000 compared to $3,528,000 a year ago.
For the nine months, the company's total revenue was $68,329,000 compared to $63,576,000 a year ago. Operating income was $5,824,000 compared to $5,098,000 a year ago. Net income was $3,140,000 compared to $2,847,000 a year ago. Diluted earnings per share were $0.05 compared to $0.05 a year ago. Adjusted EBITDA was $7,483,000 compared to $6,696,000 a year ago.
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. 
