BURLINGTON, ON – Evertz Technologies posted revenues of $87.0 million for its first quarter ended July 31, 2016, up 3% from the $84.9 million it posted in the first quarter of fiscal 2016.
Quarterly net earnings of $18.6 million were flat year-over-year. Gross margin was $49.9 million as compared to $47.8 million in the same quarter last year, and gross margin percentage was approximately 57.3% versus 56.4% in the quarter ended July 31, 2015.
The software defined video network technology company reported revenues in the United States/Canada region of $52.1 million, up 4% from $50.0 million in the same quarter last year. The International region had revenues of $34.9 million in both the quarter and corresponding period last year.
At the end of August 2016, purchase order backlog was in excess of $70 million and shipments during the month were $31 million.
The Evertz Board of Directors declared a regular quarterly dividend on on September 6, 2016 of $0.18 per share.
In other news, Evertz reported the receipt of purchase orders totaling more than $13.5 million from an unnamed U.S. customer for “a state-of-the-art IP facility”. Evertz added that the purchase reflects a large scale adoption of its IP based Software Defined Networking infrastructure including multiple EXE hyper-scale and IPX modular switch cores, IP media gateways, compression and control solutions in a multi-platform network.
