Texada Posts Flat Q2 Results

Texada Software posted essentially flat revenue and operating expenses for the second quarter and first six months of 2010, according to its second-quarter earnings report. The company, which produces software for equipment rental and mobile asset management, posted CA$1.117 million (about U.S. $1.08 million), compared with CA$1.116 for last year’s second quarter.

For the first six months of 2010, revenue was CA $2.32 million, compared with CA$2.30 for the same period in 2009.

“Our operating results for the quarter ended June 30, 2010, were consistent with 2009 despite the continuing malaise that is evident in the market for new software installations and the difficult environment in the equipment rental industry,” said president and CEO Brian Spilak. “Given these marketplace factors, we continue to be pleased with our operating performance. Our focus is to ready the organization for what we anticipate will be improved macro business conditions during 2011.”

Texada Software is based in Guelph, Ontario, Canada.

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