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Valor’s Q2 Revenues Increase 15%

Written by Administrator
Monday, 13 August 2007
YAVNE, ISRAEL – Valor Computerized Systems announced second-quarter revenues rose 14.8% over the same quarter last year to $10.6 million. The software company’s net profit fell 32% to $681,000 for the quarter. Earnings before taxes, depreciation and other charges (EBITDA) fell 13% to $1 million. Product revenue was up 16.5%, while maintenance revenue climbed 12%. First-half revenues grew 18.7% year-over-year to $20.9 million. The company reported EBITA rose 19.9%, but earnings dropped 3.7% year-over-year.

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