FrontRange Solutions has reported a sequential increase in third-quarter revenue.
Third-quarter revenue of $18.7 million represented an increase over both the second quarter as well as the third quarter of the previous year. Operating income of $1.8 million was 18.6 per cent higher than the preceding quarter.
FrontRange Solutions CEO Michael McCloskey said "We are pleased with our performance during our third quarter. Our sequential revenue growth, combined with continued growth in our licence revenues, is a strong indication of increased customer adoption of our solutions.
"While the March quarter is traditionally viewed as being a weak seasonal period, we have accomplished this growth while achieving the profitability objectives we set in being one of the premier companies in the industry".