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Valor’s Q2 Revenues, Profits Up |
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Written by Chelsey Drysdale
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Tuesday, 19 August 2008 |
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YAVNE, ISRAEL – Software provider Valor Computerized Systems Ltd. reported second-quarter revenues of $10.7 million, up 2% year-over-year.
Net profit was $600,000, up 6% compared to the second quarter of 2007.
Revenues in the first half of 2008 were $21.4 million, up 2% compared to the same period last year.
First-half net profit was $2.1 million, up 43% year-over-year.
“Q2 was a good quarter for Valor, despite the slowdown in global economy and the weakness of the US$,” said Valor’s CEO Dan Hoz. “During the quarter we established three new OEM agreements with major machine vendors, who will be selling our products together with their machines.” Valor has recently engaged in a process of repurchasing its own shares up to a total of $3 million, the company said. |
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