Financially Speaking… Integral Systems

Integral Systems, Inc. [NASDAQ-ISYS] reported financial results for Q1 of fiscal 2008. Revenue for the quarter was $37.3 million, up $9.9 million or 36 percent from the first quarter of fiscal 2007. First quarter operating income was $8.3 million compared to $2.9 million for the first quarter of last fiscal year, and net income was $7.0 million ($0.75 per diluted share) compared to $2.1 million ($0.19 per diluted share) for the first quarter of fiscal 2007. The first quarter results include two large non-routine transactions that have a significant impact on the Integral’s results. Revenue for the Government Ground Systems segment includes $2.4 million of license revenue for the newly awarded GPS OCX (Next Generation Control Segment) contract. Integral Systems was able to deliver these licenses to the customer during the first quarter as a result of favorable contract terms that included up front delivery of the licenses under the contract. To download the financial results as an Adobe Acrobat file, click here—Lanham, Maryland