ModusLink Global Solutions, Inc. (NASDAQ:MLNK) has released the first quarter and fiscal year earnings for 2010. Its net revenue is reported as$246.7 million, down 15.4% from the first quarter of fiscal 2009. The company’s gross margin as a percentage of revenue was 14.6%. The previous fiscal 2009 gross margin was 9.6%.
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The full financial results are available for review on the company’s investor relations website at http://www.ir.moduslink.com/. The company discussed the financial results during a conference call shortly after the financial release. A webcast of the call will also be available for replay on the investor relations site.
ModusLink Global Solutions, Inc. (ModusLink), formerly CMGI, Inc., through its wholly owned subsidiaries, ModusLink Corporation, ModusLink Open Channel Solutions, Inc. (ModusLink OCS) and ModusLink PTS, Inc., (ModusLink PTS) is engaged in worldwide supply chain business process management serving technology-based clients in the computing, software, consumer electronics, storage and communications markets. ModusLink OCS provides solutions that manage entitlements for software licenses, maintenance and support subscriptions, hardware features and rights-managed content. ModusLink PTS provides consumer-electronics service repair and reverse logistics services. As of July 31, 2009, the Company had an integrated network of facilities located in various countries, including numerous sites throughout North America, Europe and Asia. The Company operates, through its three segments: Americas, Asia and Europe. In December 2009, the Company acquired Tech for Less LLC.
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