Article: Norstan Reports First Quarter Fiscal 2005 Results; Operating Income Totaled $2.4 Million EPS of $0.09 Per Share.

MINNEAPOLIS -- Norstan, Inc. (Nasdaq:NRRD), a leading provider of communications solutions and services, today reported revenues of $54.4 million for the first quarter ended July 31, 2004, versus $56.9 million reported in the first quarter of fiscal 2004. First quarter operating income totaled $2.4 million compared with an operating loss of $2.9 million in the first quarter of fiscal 2004. The company reported first quarter net income of $1.2 million, or $0.09 per share, versus a first quarter net loss of $1.9 million, or $0.15 per share. Gross margin of 29.6 percent improved from 28.1 percent one year ago.

During the quarter, Norstan sold the assets and ...

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