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December 29, 2008

Integral Systems Q4 net income slightly up

Integral Systems, a developer of satellite communication systems, has reported net income of $4.9 million or $0.28 per diluted share for the fourth quarter of 2008, compared to net income of $4.8 million or $0.23 per diluted share for the same quarter of 2007.

By CBR Staff Writer

For the fourth quarter of 2008, revenues increased 27.5% to $46.3 million, compared to $36.3 million for the same quarter of 2007. Income from operations was $7.6 million, compared to income of $6.3 million for the same quarter of 2007.

For the fiscal 2008, revenues increased 24.5% to $160.2 million, compared to revenues of $128.6 million for the same period of fiscal 2007. Net income was $18.2 million or $1.01 per share for the fiscal 2008, compared to net income of $12.8 million or $0.58 per share for the fiscal 2007. Income from operations was $25.1 million, compared to income of $16.9 million for fiscal 2007.

John Higginbotham, CEO of Integral Systems, said: Integral Systems has achieved another milestone through successful completion of this comprehensive audit in its progression to an exemplary organization for compliance, reporting, and transparency. We are pleased with our financial results for fiscal 2008 and feel we are positioned to achieve or potentially exceed comparable financial results for fiscal 2009.

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