XETA Technologies Reports 46 Percent Earnings Increase

Broken Arrow-based XETA Technologies today announced financial results for the fourth fiscal quarter and for the year ended October 31, 2006. For the year, the Company reported revenues of $59.965 million with earnings of $0.07 per diluted share. This represents a 46 percent increase in earnings with a 3 percent increase in revenues when compared to fiscal 2005.
For the fourth fiscal quarter of 2006, the Company reported revenues of $16.728 million with earnings of $0.05 per diluted share. Compared to the fourth quarter of last year, earnings nearly tripled on a 2 percent increase in revenues.
The reported results are unaudited and, although no material changes are expected, are subject to change. The audit is expected to be complete by the end of December 2006.



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