XETA Technologies, Inc. (XETA) Reports Profit and Gain in Revenue
XETA Technologies, Inc. reported net income of $633,000, or $0.06 per diluted share, in the first fiscal quarter of 2010, which ended January 31, 2010. In the same quarter last year, the company earned $2,000, or $0.00 per diluted share. XETA Technologies, Inc. saw a 24% jump in revenue on a year over year basis, from $18.6 million in the first fiscal quarter of 2009, to $23.0 million in this year’s first fiscal quarter. “We announced long-term service contracts with over $7 million in annual revenue last year, and our first quarter's results are indicative of the ramp in these…