Parade Technologies Result 03/08/2017

Parade Technologies announced FY17 Q2 results with consolidated revenues of $85.9 million and net income of $14.8 million, with a net margin of 17%. Revenue increased by 25% on a yearly basis. The gross profit in the quarter was $34.5 million, representing an increase of 22.5% on a yearly basis.

Based on the current business outlook, Parade also provided the guidance for FY17 Q3 at revenue of $83-$91 million and gross margin at 40%-43%.