Hollysys Automation (HOLI) Misses Q1 EPS by 11c
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Hollysys Automation Technologies Reports Unaudited Financial Results for the First Quarter Ended September 30, 2020
November 12, 2020 5:00 PM ESTFirst Quarter of Fiscal Year 2021 Financial Highlights
Non-GAAP net income attributable to Hollysys was $20.8 million, a decrease of 30.2% compared to the comparable prior year period. Total revenues were $129.5 million, an increase of 5.1% compared to the comparable prior year period. Non-GAAP gross margin was at 33.7%, compared to 37.7% for the comparable prior year period. Non-GAAP diluted EPS was $0.34, a decrease of 30.6% compared to the comparable prior year period. Net cash provided by operating activities was $21.6 million for the current quarter.... More