The company is expanding overseas, having reached a deal with a Brazilian partner. CEO John Heyman said Radiant is developing relationships in Europe and Turkey. The company said retail revenues are increasing at 20 percent a year with specialty retail growing at a faster rate, which it did not disclose. Executives said Radiant has only a roughly 2 percent share of specialty retail market and expect to see that grow significantly as it increases the number of sales reps addressing that market by 20 percent.
Estimated reading time: 0 minutes, 43 seconds
RADIANT SYSTEMS REVS UP 20 PERCENT
POS specialist Radiant Systems, whose offerings include the CounterPoint line, continued on a tear as its third quarter ended September 30 resulted in net income more than double last year while revenue rose by 26 percent over the third quarter a year earlier. Earnings reached $7.5 million, compared to $3.4 million a year earlier with operating income having risen by 35 percent. Revenue was $89.2 million, up from $70.9 million.
Most Read
-
-
May 19 2021
-
Written by BobWScott
Just what kind of year has it been for the…
-
-
-
May 22 2017
-
Written by mark
The last year has been one of change—the cloud has…
-
-
-
May 22 2017
-
Written by BobWScott
The last year has been one of change—the cloud has…
-
-
-
May 25 2016
-
Written by mark
Annual Report: 2016 BSI Top 100 VARs The web has…
-