Uniserve Communications reports FY2010 financials

Posted by Darren Anderson

Uniserve CommunicationsUniserve Communications quietly released its financial results for fiscal 2010 yesterday. The New Westminster, B.C.-based company's 2010 fiscal year ended all the way back on May 31, 2010.

The voice and data service provider generated $14.9 million in revenue in 2010, down 20.3 per cent from $18.6 million in 2009. A significant chunk of the decline in sales is due to the company's 2008 divestiture of Parasun Technologies, which accounted for nearly $3.5 million in sales in fiscal 2009. Net earnings for fiscal 2010 came in at $1.3 million, up significantly from Uniserve's $91 thousand overall loss in fiscal 2009.

Uniserve did not offer up any formal commentary on the company's performance in fiscal 2010, however complete details on Uniserve's 2010 fiscal year can be found in its audited financial statements.

Company:
Uniserve Communications Corporation
Website:
http://www.uniserve.com
Location:
Vancouver, British Columbia, Canada

Uniserve Communications Corporation (TSX.V: USS) is a Canadian company based in Vancouver that provides the latest technologies in digital phone service, high speed Internet, web hosting and cloud computing. Uniserve has positioned itself to provide customers the one-stop-shop telecommunications experience. more


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Darren Anderson

Darren Anderson

Darren Anderson is an analyst at Branham Group Inc., a leading industry analyst and strategic consulting firm servicing the global information technology marketplace. Each year he coordinates the Branham300, an annual ranking of the top 300 Canadian technology companies, allowing him to keep tabs on the happenings within Canada’s Information and Communication Technology industry. Beyond his... more



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