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Jul 28, 2006

RAND: Revenues Down, Profits Down

RAND Worldwide reports Q2 revenue of CDN$24.7 million, down from $24.9 million a year earlier. It would have been worse, except for the great performance of its IMAGINiT Technologies division, whose revenues rose 16% over last year to $18.7 million.

Net income fell to $0.1 million, compared to $0.5 million a year ago. The company has $11.1 million cash in the bank. (1CDN$ = US$0.90 approx.)

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