Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Espey Mfg. & Electronics Corp. Reports First Quarter Results

SARATOGA SPRINGS, NY -- (Marketwire) -- 11/13/12 -- Espey Mfg. & Electronics Corp. (NYSE MKT: ESP) reports results for the first three months of fiscal year 2013.

Net sales for the first quarter of fiscal 2013, July 1 to September 30, 2012 remained consistent at $7,891,877, compared with last year's first quarter net sales of $7,993,927. Net income for the period climbed to $1,280,718, $.57 per diluted share, as compared with net income of $926,904, $.42 per diluted share for the same period last year.

The sales order backlog for the Company was at $50.1 million on September 30, 2012, an increase of $10 million, well over last year's sales order backlog of $40.1 million on September 30, 2011. New sales orders in the first quarter of fiscal 2013 decreased to approximately $7.2 million, compared with $9.4 million in the first quarter of fiscal 2012.

Mr. Mark St. Pierre, President and CEO, commented:

"Espey reported solid financial performance in its Q1 results, posting solid gains in operating income on level sales volume. Backlog has grown to $50M, giving us confidence in our near-term future. As to the longer-term, and with the election now behind us, it remains to be seen if the government can restore a political climate in which the nation's fiscal woes can be addressed and confidence in markets is restored. As always, Espey's management team remains committed to navigating a careful course around these political and economic vagaries with good strategy, execution, and utilization of our niche power specialties."

Espey's primary business is the development, design, and production of specialized military and industrial power supplies/electronic equipment. The Company's web site can be found on the Internet at www.espey.com.

This press release may contain certain statements that are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.




                       Espey Mfg. & Electronics Corp.
Comparative unaudited three-month figures for the period ended September 30,
                                2012 and 2011

                                                             2012       2011
                                                       ---------- ----------
Sales                                                  $7,891,877 $7,993,927
Net Income                                              1,280,718    926,904
Income per share:
  Basic                                                       .59        .43
  Diluted                                                     .57        .42

Weighted average number of shares outstanding:
  Basic                                                 2,186,424  2,164,202
  Diluted                                               2,234,361  2,196,104

For further information, contact
Mr. David O'Neil
or
Mark St. Pierre
(518) 245-4400

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises...
We are all here because we are sold on the transformative promise of The Cloud. But what good is all of this ephemeral, on-demand infrastructure if your usage doesn't actually improve the agility and speed of your business? How must Operations adapt in order to avoid stifling you...
Software-driven innovation is becoming a primary approach to how businesses create and deliver new value to customers. A survey of 400 business and IT executives by the IBM Institute for Business Value showed businesses that are more effective at software delivery are also more p...
Docker offers a new, lightweight approach to application portability. Applications are shipped using a common container format and managed with a high-level API. Their processes run within isolated namespaces that abstract the operating environment independently of the distributi...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small ti...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE