Skkynet Cloud Systems, Inc. Reports Earnings Results for the Second Quarter Ended April 30, 2021
June 14, 2021 at 04:00 pm EDT
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Skkynet Cloud Systems, Inc. announced earnings results for the second quarter ended April 30, 2021. For the second quarter, the company announced sales was USD 447,972 compared to USD 419,043 a year ago. Operating income was USD 32,225 compared to USD 18,137 a year ago. Net income was USD 8,915 compared to USD 76,655 a year ago. For the half year, sales was USD 886,038 compared to USD 838,525 a year ago. Operating income was USD 21,644 compared to USD 5,866 a year ago. Net loss was USD 32,797 compared to net income of USD 68,174 a year ago.
Skkynet Cloud Systems, Inc. (Skkynet) is a Canada-based company. The Company offers real-time middleware products that allow companies to securely acquire, monitor, control, visualize, network and consolidate live process data in-plant or over insecure networks. Skkynet offers DataHub software, an industrial middleware solution that connects to virtually any system using standard protocols, such as OPC, Modbus, TCP, MQTT, and ODBC to support OPC networking, server-to-server bridging, aggregation, data logging, redundancy, and real-time HMI. It offers two solutions: SkkyHub service and Skkynet DataHub service in Microsoft Azure. Both services allow companies to securely network industrial data to other locations, consolidate information from remote plants and devices, share data for predictive maintenance, or use a real-time HMI to view data from around the globe. It serves various industrial sectors, such as energy, manufacturing, water, building automation, oil and gas, and mining.