Diligent 1Q profit jumps 58% as sales increase 40%

Thu, 19 Jun 2014

By Suze Metherell June 20 (BusinessDesk) - Diligent Board Member Services, the governance app maker which was forced to restate its financial statements, posted a 58 percent rise in first quarter profit as it increased the number of Diligent Boardbooks users. Profit jumped to US$1.94 million in the three months ended March 31, from US$1.23 million a year earlier, the New York-based and locally listed company said in a statement. First quarter sales rose 40 percent to US$19.1 million, and second quarter sales are expected to rise as much a...

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