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Valor Computerized Systems Notes Strong Growth
November 11, 2005 |Estimated reading time: Less than a minute
YAVNE, Israel Valor Computerized Systems announced continued growth during the nine-month period ending September 30, 2005, with revenues for the third quarter reaching $9.2 million, an increase of 17.5% from the same period last year. During the January-September time span, Valor recorded revenues of $26.9 million, up from $22.4 million in the same period of 2004.
Valor's operating profit for the first nine months of 2005 was $1.5 million, an increase of more than 150% compared to $567,000 reached in this period last year. "I'm happy to see that we are alble to meet out expectations," commented Ofer Shofman, Valor president and CEO. "Traditionally, the third quarter is always a weaker one, yet during this quarter we were able to continue the expansion of our customer base, securing a significant number of deals with strategic customers in the assembly arena¿" added Shofman.
During the third-quarter, Valor has taken several steps to streamline its operations and business, hoping to set the foundation for further growth in future quarters. Valor's complete quarterly report can be found at http://www.valor.com