Pdf Solutions (PDFS) has reported 26.51 percent rise in profit for the quarter ended Sep. 30, 2016. The company has earned $1.89 million, or $0.06 a share in the quarter, compared with $1.49 million, or $0.05 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $5.39 million, or $0.17 a share compared with $5.76 million or $0.18 a share, a year ago.
Revenue during the quarter grew 14.16 percent to $27.26 million from $23.88 million in the previous year period. Gross margin for the quarter expanded 92 basis points over the previous year period to 57.99 percent. Total expenses were 88.50 percent of quarterly revenues, down from 88.70 percent for the same period last year. This has led to an improvement of 20 basis points in operating margin to 11.50 percent.
Operating income for the quarter was $3.14 million, compared with $2.70 million in the previous year period.
Working capital remains almost stablePdf Solutions has witnessed a decline in the working capital over the last year. It stood at $150.03 million as at Sep. 30, 2016, down 0.99 percent or $1.50 million from $151.53 million on Sep. 30, 2015. Current ratio was at 9.48 as on Sep. 30, 2016, down from 11.97 on Sep. 30, 2015. Days sales outstanding went up to 127 days for the quarter compared with 120 days for the same period last year.
At the same time, days payable outstanding went down to 11 days for the quarter from 15 for the same period last year.
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