Armada Data Corp. said its normalized net income for the fiscal third quarter ended Feb. 29 was C$50,890, compared with a loss of C$26,170 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 9.7% from negative 5.5% in the year-earlier period.
Total revenue grew 10.2% year over year to C$522,660 from C$474,290, and total operating expenses declined 16.2% year over year to C$441,240 from C$526,320.
Reported net income came to C$81,420, or 0 cents per share, compared to a loss of C$45,680, or a loss of 0 cents per share, in the prior-year period.
