Itautec posts net profit of US$6.7mn in Q1

Monday, May 9, 2011

Brazilian PC maker Itautec posted net profits of 11mn reais (US$6.7mn) during the first quarter of 2011, up from 8.4mn reais in the year-ago period, the company reported on its website.

In the last quarter of 2010, Itautec posted a net loss of 22.2mn reais.

Revenues in 1Q11 totaled 331mn reais, down 4.9% from 348mn reais in the year-ago period.

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In July 2010, Itautec completed the sale of Tallard Technologies to US IT wholesaler Avnet Technology Solutions (NYSE: AVT).

Itautec provides automated teller machines, self-service checkout stations, interactive touch screen kiosks, retail and banking software, PCs, monitors, laptop computers, servers and network equipment.

Follow this link to see the full financial table.