NaviSite, a provider of enterprise hosting and application services, has reported total net revenue of $32.7m for the fourth quarter of 2010, an increase of 8% compared to $30.4m for the same period last year.
The company posted an operating income of $1.4m for the fourth quarter of 2010, compared to an operating loss of $4.5m for the same period last year.
For the fourth quarter ended July 31, 2010, the company posted net loss of $1.4m, compared to a net loss of $9m for the same quarter a year ago.
Net loss per share was $0.04, compared to net loss of $0.24 per share for year ago quarter.
The company posted revenue of $126.15m for the full year ended July 31 2010, compared to $125.4m in 2009.
Operating income for the year was $5.12m, compared to an operating loss of $4.03m in 2009.
Net income was $9.8m compared to net loss of $18.5m in 2009, and net income per share was $0.27, compared to net loss of $0.52 per share in 2009.
