NEI (NEI) Revises Outlook for First Fiscal Quarter with Higher than Expected Revenues and Income
NEI, a leading provider of server-based application platforms, deployment solutions and lifecycle support services for software technology developers and OEMs worldwide, recently announced revised and improved expectations for the first fiscal quarter period ending December 31, 2011. Net revenues are expected to be $68 million to $70 million instead of $58 million to $63 million as originally provided in November. Net income should be around $1.3 million to $1.6 million, significantly higher than previous guidance of $500,000 to $1.0 million. "In providing our December quarter guidance, we expected an impact of between $4.0 million and $5.0 million of revenues related…