Datalink Reports 2016 Third Quarter And Nine Month Operating Results

Datalink (Nasdaq: DTLK), a leading provider of IT services and solutions, today reported results for its third quarter and nine months that ended September 30, 2016. Revenues for the quarter ended September 30, 2016, decreased 7% to $184.0 million compared to $198.0 million for the quarter ended September 30, 2015. Included in the third quarter of 2016 is approximately $10.3 million of fulfillment revenues compared to $22.3 million in the third quarter of 2015. Without these fulfillment revenues, which the company has now discontinued, revenue would have decreased 1% from the comparable quarter. Revenues for the nine months ended September 30, 2016, decreased 1% to $547.8 million compared to $556.0 million for the nine months ended September 30, 2015.

GAAP Results

On a GAAP basis, the company reported net earnings of $546,000 or $0.03 per diluted share for the third quarter ended September 30, 2016. This compares to net earnings of $1.3 million or $0.06 per diluted share in the third quarter of 2015. For the nine months ended September 30, 2016, the company reported net earnings of $4.0 million or $0.18 per diluted share, compared to net earnings of $2.0 million, or $0.09 per diluted share, for the nine months ended September 30, 2015.

Non-GAAP Results

Non-GAAP net earnings for the third quarter of 2016 were $2.6 million, or $0.12 per diluted share, compared to non-GAAP net earnings of $3.3 million, or $0.15 per diluted share, in the third quarter of 2015. For the nine months ended September 30, 2016, the company reported non-GAAP net earnings of $7.9 million, or $0.37 per diluted share, compared to non-GAAP net earnings of $8.3 million, or $0.37 per diluted share, for the nine months ended September 30, 2015. A detailed reconciliation between GAAP and non-GAAP information is contained in the tables included herein.

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