ZIM Corporation Reports Q1 Quarter 2011 Financial Results

BY: 

Dave Forde
August 22, 2011

ZIM Corporation announced its financial results for its first quarter ended June 30, 2011, and reported revenues of US $571,316, an increase of 17% from the $487,310 for the same period last year. This quarter’s increase was due to increased sales of enterprise database software and consulting services with a smaller portion of the increase related to favorable foreign exchange fluctuations.
Net income for the quarter ended June 30, 2011 was $120,791 or a basic and diluted earnings per share of $0.001 compared to net loss for the same period last year of $29,383 or a basic and diluted loss per share of $0.000. The increase in net income principally reflects the increase in database software sales and the Company’s continued curtailing of selling and general administrative expenses.

Join your peers!

Get news, tips and other industry news delivered into your inbox for FREE!

Related Stories:

Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


>