HAUPPAUGE, N.Y.-- TSR, Inc., (TSRI) a provider of computer programming consulting services, today announced financial results for the fourth quarter and fiscal year ended May 31, 2016.

 

For the quarter ended May 31st, revenue increased 3.6% from the same quarter last year to $15.5 million. Net income attributable to TSR for the current quarter was $169,000 as compared to $112,000 in the prior year quarter. Additionally, net income per share for the current quarter was $0.09 compared to $0.06 per share in the prior year quarter.

 

For the year ended May 31st, revenue increased 6.3% from last year to $61.0 million. Net income attributable to TSR increased from $193,000 in the prior year to net income of $399,000 in the current year. Additionally, net income per share increased from $0.10 to $0.20 per share.

SANTA ANA, Calif.-- Iteris, Inc. (ITI), the global leader in applied informatics for transportation and agriculture, today announced preliminary revenue results for the first quarter of fiscal 2017 that exceed analyst expectations.

 

For the first quarter of fiscal 2017, ended June 30, 2016, Iteris expects total revenue to be in the range of $23.5 to $24.5 million, an increase of between 28% and 33% year over year. Iteris also expects to report improved operating income for the first quarter.

 

Joe Bergera, President and CEO of Iteris, said, “We are pleased to demonstrate continued strong acceleration across all our business segments. Iteris is focused on two large end-markets with substantial growth potential. Over the past few quarters, we have put in place a strong foundation to capitalize on the powerful secular trends in both our transportation and agriculture markets. We are pleased to see our hard work manifest itself with significant growth across all of our business segments and improved operating income.”

- Q1 total revenue grew 11% year-over-year to $86.7 million

- Q1 GAAP earnings per share of $0.05, and non-GAAP earnings per share of $0.20

- Total active subscribers exceeded 286,000

 

CAMPBELL, Calif., July 7, 2016 -- Barracuda Networks, Inc. (CUDA), a leading provider of cloud-enabled security and data protection solutions, today announced results for its first quarter fiscal 2017 that ended May 31, 2016.

 

"We delivered strong results in the quarter and exceeded guidance on revenue, billings and earnings per share. We grew revenue 11% year-over-year and more than doubled our non-GAAP earnings when compared with the first quarter of last year," said BJ Jenkins, president and CEO. "Our performance in the quarter was largely driven by execution on our strategy, which includes focusing our efforts to be the leader in security and data protection for our customers and expanding our routes to market, specifically in the MSP and public cloud channels. We made solid progress on these initiatives in the first quarter, and as a result, we believe we are building market momentum, and expect continued growth in our core product areas and in our bottom-line."

NEW YORK-- Siris Capital Group, LLC today announced that its affiliates have submitted a unilaterally binding offer to acquire all outstanding shares of Polycom, Inc. (PLCM) for a price of $12.50 per share in cash. The offer is subject to Polycom terminating its existing merger agreement with Mitel Networks Corporation (MITL) in accordance with the terms thereof. Polycom has informed Siris that its Board of Directors has unanimously determined Siris’ offer to constitute a “Company Superior Proposal” under the terms of its merger agreement with Mitel. Polycom has also announced its intention to terminate promptly its merger agreement with Mitel, subject to the terms thereof. The all-cash transaction is valued at approximately $2.0 billion, including Polycom’s outstanding debt, which represents a premium of 13.6% to the current value of Mitel’s offer, based on Mitel’s closing share price as of July 7th, 2016.