YAVNE, Israel, Aug. 3 -- Valor Computerized Systems today reported record second-quarter revenues as sales spiked 18% over last year. It was the fifth straight quarter of sales growth.

For the quarter, Valor reported revenues of about $7.5 million, tying a company record, up from $6.3 million a year ago. Cash flow improved by $1 million during the quarter.

First-half revenues were up 17.3% to $14.6 million while net was $301,000, reversing a loss of $539,000.

President and CEO Ofer Shofman said in a press statement, "I am delighted with these results. [W]e expect to maintain our growth rate in the second half.


Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account