ONTARIO, CA. - May 5, 2015 - Agent Information Software, Inc. (AIS), today reported a net income of $85,401 for the quarter ended March 31, 2015, up $165,446 over first quarter 2014 losses. The net income exceeded the forecast for the first quarter by $24,574 or 40%. Net sales for the quarter ended March 31, 2015 were $1,207,098, which met the forecast and were up $157,217 or 15% from $1,049,881 for the same period last year, due to the increase of recurring revenues.
The company saw an increase in sales for VERSO, Auto-Graphics' integrated library system. The VERSO contract awards in the first quarter were comprised of two major target public libraries in California and Indiana, as well as a special library in Washington. Sales of SHAREit, Auto-Graphics' interlibrary loan software, started the year strong as we added an eleventh state to our ILL statewide portfolio. The Health Sciences Libraries Consortium (HSLC) and Access PA, on behalf of the Pennsylvania Office of Commonwealth Libraries selected SHAREit as their ILL system of choice. Access PA is one of the most involved statewide resource sharing systems in the country with over 2500 Public, Academic, School, and Special libraries participating.
About Agent Information Software, Inc.
Founded in 1950 and operating under the name Auto-Graphics, Inc. since 1969, Agent Information Software, Inc. (AIS) develops innovative information and data management solutions for multiple platforms that are standards-compliant, built on open systems architecture and available through the Software as a Service (SaaS) hosted delivery model. AIS' technical ingenuity and reputation for service excellence make us a trusted partner to more than 11,000 libraries, throughout North America. Our information and data management systems are used by customers across multiple industries, including a range of library markets such as public, academic, school, special and consortia, and also meet the needs of customers in the legal, financial, publishing, aerospace and manufacturing markets. For more information, please visit www.agentinformationsoftware.com or www.auto-graphics.com.