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Armada Data swings to profit in fiscal Q2

Armada Data Corp. said its normalized net income for the fiscal second quarter ended Nov. 30, 2015, amounted to C$21,430, compared with a loss of C$35,420 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 3.9% from negative 6.1% in the year-earlier period.

Total revenue declined 6.0% on an annual basis to C$545,410 from C$580,520, and total operating expenses decreased 21.6% year over year to C$511,050 from C$651,730.

Reported net income came to C$34,320, or 0 cents per share, compared to a loss of C$62,120, or a loss of 0 cents per share, in the year-earlier period.