MKS, a provider of application lifecycle management services, has reported a net income of $1.35 million, or $0.03 per share, for the second quarter ended October 31, 2008, compared to $197,000, or nil per share, for the same quarter of 2007.
For the second quarter of fiscal 2009, total revenue increased 19% to $16.3 million from $13.6 million for the same quarter of fiscal 2008.
For the first six months of fiscal 2009, total revenue was $31.6 million, compared to $27.2 million for the same period of fiscal 2008. Net income was $1.9 million, or $0.04 per share, compared to a net loss of $123,000 for the same period of fiscal 2008.
Philip Deck, CEO of MKS, said: We believe that the continued strength of our business is based on our increasingly accepted position as the clear ALM technology choice for major enterprise customers. The technology leaders that have committed to MKS Integrity in recent years give us a solid base to continue to build our business. As well as demonstrating our ability to grow in this turbulent economic environment, this past quarter we started to enjoy the lower costs that the declining Canadian currency delivers.