PDF Solutions, Inc (PDFS) has reported 4.58 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $2.92 million, or $0.09 a share in the quarter, compared with $2.80 million, or $0.09 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $5.59 million, or $0.17 a share compared with $5.74 million or $0.18 a share, a year ago. Revenue during the quarter grew 18.12 percent to $28.43 million from $24.07 million in the previous year period. Gross margin for the quarter contracted 81 basis points over the previous year period to 57.32 percent. Total expenses were 90.35 percent of quarterly revenues, up from 85.87 percent for the same period last year. That has resulted in a contraction of 448 basis points in operating margin to 9.65 percent.
Operating income for the quarter was $2.74 million, compared with $3.40 million in the previous year period.
Working capital increases marginally
PDF Solutions, Inc has recorded an increase in the working capital over the last year. It stood at $151.76 million as at Dec. 31, 2016, up 1.99 percent or $2.96 million from $148.80 million on Dec. 31, 2015. Current ratio was at 9.19 as on Dec. 31, 2016, down from 11.29 on Dec. 31, 2015.
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