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.