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MENAFN - 05/12/2012

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(MENAFN) Monrovia, California-based AeroVironment Inc. posted a 32-percent increase in second-quarter income to USD8.7 million, from USD6.6 million in last year's same period, reported AP.

The unmanned aircraft maker said that results were boosted by strong sales in its efficient-energy-systems division and higher gross margin.

It added that revenue fell to USD80.3 million in the quarter, compared with USD80.4 million a year ago, due to weaker sales of drone aircraft.

However, the company's gross margin, which is the percentage of each dollar in revenue a firm actually keeps, jumped 16 percent on annual basis.

It is worth noting that at the end of the quarter, the company's backlog of orders under contract valued fell to USD90.2 million, from USD93.2 million at the end of April.

 






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