ARI (OTC:ARIS) has released the financial results for the first quarter of 2010. The company reported increased revenues to $5.5 million, a 31% increase compared to the $4.2 million earned during the first quarter of 2009. It’s operating income also increased by 16% at $339,000. The previous year earned $291,000 during the same period.
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Following the release of the financial results, the company held a conference call to review the report. A webcast of the call is available on the company’s website, www.arinet.com on the investors portion of the site. The full financial report may also be obtained on the site.
ARI Network Services, Inc. (ARI) is a provider of electronic parts catalogs, dealer e-commerce solutions, professional services and outsourced finance and insurance (F&I) services in various markets worldwide, including outdoor power, power sports, motorcycles, marine, recreational vehicles, appliances, agricultural equipment, floor maintenance and construction. As of July 31, 2009, ARI served more than 20,000 dealers, 100 manufacturers and 150 distributors in approximately 100 countries. ARI operates in two business segments: the United States and Netherlands-based European operations. ARI offers four basic types of products and services to its customers: electronic catalogs for publishing and viewing technical reference information about the equipment; marketing services, including Website creation and professional services, and outsourced F&I services, which facilitate dealers’ sales by obtaining financing for their customers and providing them with after-sale products.
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