ModusLink reported net revenue of $203.4 million for the second quarter of fiscal 2013, an increase of 20.1%, compared to net revenue of $169.4 million reported in the second quarter of fiscal 2012. Revenue from new programs in the second quarter of fiscal 2013 was $44.6 million, compared to $14.1 million in the same period last year, an increase of 216.3%. Driving the increase was a program in Europe for a consumer products client and an engagement with a consumer electronics client that commenced new programs in recent quarters and contributed to revenue in all regions. (1)Revenue from the Company’s base business increased 2.3% in the second quarter of fiscal 2013 to $158.8 million, compared to $155.3 million in the same period last year. Contributing to the increase was growth in revenue from a program supporting a major product launch for a software client, as well as increased revenue from an aftermarket services program.
ModusLink Global Solutions Reports Financial Results For Second Quarter Of Fiscal 2013
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