Rand Worldwide, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2012
May 15, 2012 at 11:00 am EDT
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Rand Worldwide, Inc. reported earnings results for the third quarter and nine months ended March 31, 2012. For the quarter, the company reported net income was $1,639,000 or $0.03 per fully diluted share and EBITDA for the same period was $2.2 million. Total revenues were $22.4 million as compared with $27.4 million for the same quarter last fiscal year.
For the nine months, the company reported approximately $66.8 million in total revenue. The company realized an overall margin percentage of a very healthy 47%, the consolidated operations or net income of $3,080,000 or $0.05 per fully diluted share and it generated EBITDA of approximately $4.8 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. 
