Evertz sees Q4 profits jump 81%

BURLINGTON, ON - Evertz Technologies ended its fiscal 2014 on a high note, posting “record” annual revenue of $325.5 million, up from $316.3 million at the end of fiscal 2013.Net earnings of $63.5 million for the year fell from the $65.2 million recorded in 2013. Gross margin was $186.2 million as compared to $181.9 million for the year ended April 30, 2013, while gross margin percentage was approximately 57.2% versus 57.5% year-over-year. For the fourth quarter ended April 30, revenues were $87.2 million versus $65.4 million in the same quarter year, while net earnings soared 81% to $14.8 million. Revenues in the...