ARI Network earnings update-3/6/2015.
ARI announced Q2 2015 earnings (quarter ended January 31, 2015) on March 5th. Revenues were $10.1 million up a whopping 25% over last year. They made a profit of $.02 per share versus a $.03 loss last year. Our valuation rose to $6.47 up from $5.96 last quarter. Recurring revenue was $9.1 million or 90% of total revenue. All in all, a very nice quarter. We will continue to HOLD ARI even with over a 100% gain.