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| Friday, November 24, 2006 |
Computer retailer and distributor Systemax Inc. said Wednesday fiscal second-quarter profit soared, thanks to higher revenue and lower expenses.
For the quarter ended June 30, the company earned $7.1 million, or 19 cents per share, up from $1.5 million, or 4 cents per share, during the same period a year ago.
Sales climbed 8.1 percent to $547.2 million from last year's $506.1 million. North American sales improved 12.5 percent to $375.8 million.
Income from operations more than tripled to $10.6 million from last year's $3.2 million.
Systemax shares were trading up $2.13 to $14.25 on the New York Stock Exchange. |
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