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ACTIVANT BOTTOM LINE REBOUNDS
With the automotive and construction markets as two key business areas, Activant, which makes specialized financial applications, has had a tough time during the last year. But it posted a nearly $4 million profit for the second quarter ended March 31, compared to a loss of $69.7 million last year, which stemmed from an $82 million writedown of impaired good will.
The company also saw revenue rise to just over $95 million, up 1.3 percent from $93.8 million in last year’s corresponding revenue. The bottom line was helped by a nearly $2 million year-over-year decline in interest expense, which offset much of the $2.6 million rise in the cost of goods sold. The bottom line also got help from a nearly $6.8-million drop in income tax expense.
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