Posted on Wednesday, August 1st, 2012 at 7:56 pm.
Active Power, a power supply and infrastructure solutions company based in Austin, Texas, has announced its financial standings for the year’s second quarter.
Over this period, the company reported a record net revenue of $21.7 million. Additionally, Active Power earned a net income of $490,000 during the second quarter, leading to a $0.01 income per share.
The company, which employs about 22o individuals, stated that its profitable quarter was most likely due to an increased focus on its core business services, uninterruptible power supply (UPS). Active Power has recently inked two large UPS deals.
If your business needs an accounting firm to handle all of its financial needs and financial planning, contact the Austin accountants today.