March Networks shows improved financial results

Improved international sales and cost-cutting has enabled MarchNetworks to dip less deeply into the red. The Ottawa maker ofIP-based video surveillance systems said Thursday it suffered a net loss for its first quarter (which ended July 31) of$489,000, compared to a net loss of $1.9 million for the fourthquarter of fiscal 2009. By comparision it had a net loss of $2.4million in the first quarter of fiscal 2009. First quarter fiscal 2010 revenue was $24.0 million, anincrease of 12 per cent over the $21.5 million in the fourth quarter offiscal 2009, but a decline of 14 per cent compared to revenue of $27.8million in the first quarter of fiscal 2009.International revenueswere a bright spot, up 10 per cent year over year and up 58 per centfrom Q4 2009. “The company's lower operating coststructure has allowed the company to stay on course for improvedprofitability in fiscal 2010,” Ken Taylor, March's CFO said in a newsrelease. “We also continue to anticipate revenue growth in fiscal 2010as compared to fiscal 2009 despite challenging marketconditions.”

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada
Howard Solomon
Howard Solomon
Currently a freelance writer, I'm the former editor of and Computing Canada. An IT journalist since 1997, I've written for several of ITWC's sister publications including and Computer Dealer News. Before that I was a staff reporter at the Calgary Herald and the Brampton (Ont.) Daily Times. I can be reached at hsolomon [@]

Featured Download

IT World Canada in your inbox

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Latest Blogs

Senior Contributor Spotlight