Articles
Valor Reports Year-to-Date Revenue up 17.5%
Published: 12 November 2007
by Staff
YAVNE, ISRAEL – Valor Computerized Systems announced year-to-date revenues of $31.4 million, an increase of 17.5% year-over-year.
Net profit year-to-date was $2.2 million, a decrease of 9% year-over-year.
Third-quarter revenues reached $10.6 million, an increase of 15.2% compared to the same quarter in 2006.
CFO Dan Hoz said, “Business conditions in Q3 were in line with our expectations. We witnessed a strong positive cash flow, resulting from a robust collection of account receivables ... ”
President and CEO Ofer Shofman said, “ … We signed an OEM partnership agreement with Universal Instruments Corp. … We are already working to deliver similar agreements over the next quarters.
“We have recently signed a distribution agreement with one of the largest EDA solution distributors in Europe … “ he added.
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