The company reported $1.1 million in net income for the third quarter, an increase of 4.9 percent from $976,000 a year earlier. Revenue of $31.2 million in the most recently reported period was 8.5-percent higher than $28.7 million last year. The Dynamics AX VAR said it had slightly more than $2 million in software revenue, up 47.8 percent from $1.4 million in last year's corresponding period. Service income for the recent quarter was $27.2 million, a rise of 8.1 percent from $25.1 million a year ago.
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EDGEWATER RESTATES GROWTH PLANS Featured
Edgewater Technology reiterated its plan to grow by acquisition as the company itself faced a hostile merger bid. That left executives on this week's third-quarter earnings webcast saying they would not answer questions about the bid from Ameri Holdings, but facing them from one analyst anyway. "We are going to do acquisitions in this space and we are increasing our channel marketing presence," CEO Shirley Singleton said during the webcast.
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