ATA Reports Fiscal 2012 Second Quarter Financial Results and Raises Fiscal 2012 Net Income Guidance to Between RMB55.0 Million and RMB60.0 Million
Company to Hold Conference Call on November 7 at 8 a.m. ET
ATA Inc. (Nasdaq: ATAI), a leading provider of computer-based testing and testing-related services in China, announced preliminary unaudited financial results for its fiscal second quarter ended September 30, 2011 (”Second Quarter 2012″).
For Second Quarter 2012, ATA’s total net revenues more than doubled to RMB70.4 million (US$11.0 million) from RMB33.3 million in the prior-year period, primarily due to increased revenues from the Securities Association of China exam, which was postponed from Second Quarter to Third Quarter in the prior year. Revenues from HR Select for Second Quarter 2012 increased 121.3% to RMB6.4 million (US$1.0 million), and revenues from TOEIC increased 74.0% to RMB5.5 million (US$0.9 million).
Gross profit for Second Quarter 2012 increased 163.4% to RMB40.1 million (US$6.3 million) from RMB15.2 million in the same period last fiscal year. Gross margin increased to 56.9% in Second Quarter 2012, compared to 45.7% in the prior-year period, primarily due to realizing greater economies of scale, especially in our testing services.
Higher revenues contributed to income from operations in Second Quarter 2012 of RMB2.2 million (US$0.3 million), compared to an operating loss of RMB16.9 million in the prior-year period.
Net income for Second Quarter 2012 was RMB1.4 million (US$0.2 million), compared to a net loss of RMB14.8 million in the prior-year period.
For Second Quarter 2012, basic and diluted earnings per common share were both RMB0.00 (US$0.00), compared to a loss of RMB0.33 in the same period last fiscal year. Basic and diluted earnings per ADS were both RMB0.00 (US$0.00) in Second Quarter 2012, compared to a loss of RMB0.66 in the prior-year period.
In Second Quarter 2012, ATA delivered a total of 1.8 million billable tests, an increase of approximately 62.5% from the prior-year period. The Company believes it has the largest test center network of any commercial testing service provider in China and continues to expand, with a network of 2,115 authorized test centers throughout China as of September 30, 2011.
ATA is a leading provider of computer-based testing services in China. The Company offers comprehensive services for the creation and delivery of computer-based tests based on its proprietary testing technologies and test delivery platform. ATA’s computer-based testing services are used for professional licensure and certification tests in various industries, including information technology services, banking, teaching, securities, insurance, and accounting. ATA’s test center network comprised 2,115 authorized test centers located throughout China as of September 30, 2011. The Company believes it has the largest test center network of any commercial testing service provider in China.
ATA has delivered more than 34.7 million billable tests since ATA started operations in 1999.
For more information, please visit ATA’s website at http://www.ata.net.cn.
Semtech Corp. (Nasdaq:SMTC) a leading supplier of analog and mixed-signal semiconductors, announced it is establishing a scholarship fund at the California Community Foundation (CCF) in Los Angeles and the Ventura County Community Foundation (VCCF) with a $20,000 per year scholarship donation to assist low-income graduating high school seniors in Ventura and Los Angeles counties to pay for college education expenses.
Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors for high-end consumer, computing, communications and industrial equipment. Products are designed to benefit the engineering community as well as the global community.
Integrated Device Technology, Inc. (Nasdaq:IDTI) the Analog and Digital Company� delivering essential mixed-signal semiconductor solutions, announced results for the fiscal second quarter ended October 2, 2011. �During our fiscal second quarter, we continued to streamline operations and introduce innovative mixed-signal solutions for our three target markets — communications infrastructure, cloud computing and consumer mobility,� said Dr. Ted Tewksbury, president and CEO of IDT. �Despite macroeconomic headwinds, we experienced strong sequential growth in Serial RapidIO� switches for wireless base stations and timing solutions for consumer devices, as well as robust design activity for new products.�
Integrated Device Technology, Inc., the Analog and Digital Company�, develops system-level solutions that optimize its customers� applications.
TeleTech Holdings Inc. (Nasdaq:TTEC) one of the largest global providers of strategic and technology-enabled business process outsourcing solutions that accelerate commerce and lifetime customer value, named Regina Paolillo as its new chief financial officer (CFO), chief administrative officer and executive vice president.
For nearly 30 years, TeleTech and its subsidiaries have helped the world�s largest companies achieve their most ambitious goals. As the go-to partner for the Global 1000, the TeleTech group of companies delivers technology-based solutions that maximize revenue, transform customer experiences and optimize business processes.
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