July 26, 2007
Axsys earnings mirror growth
Rocky Hill-based Axsys Technologies saw its second quarter profits rise to $3.8 million, a 48 percent increase over the $2.6 million it earned a year ago. Earnings per share climbed to 36 cents, up from 24 cents. Revenue for the company, which specializes in optical systems for the military, climbed to $49 million, up from $39 million in the last year. About $2 million of that came from the acquisition of Cineflex Systems earlier this year. Click here to read more about the recent growth at Axsys.
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