Evolving Systems (EVOL) Reports Q4 EPS of $0.11

Evolving Systems (NASDAQ: EVOL) reported Q4 EPS of $0.11, versus $0.09 reported last year. Revenue for the quarter came in at $6.1 million, versus $7.1 million reported last year.

"Our profitability improved in each successive quarter of 2016 as we continue to benefit from our transition to a Managed Services model and LEAN methodologies, which together deliver tremendous economies of scale," said Thomas Thekkethala, CEO. "Profitability metrics improved across the board in 2016, highlighted by sharp increases in gross margins, operating income, adjusted EBITDA, and cash flows from operations."

For earnings history and earnings-related data on Evolving Systems (EVOL) click here.

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