Smart meter company Itron gained a net income of $25 million for the three months ending March 31 according to the company's first quarter financial report.

The company took in a quarterly revenue of $572 million, mostly from its global energy and water segments, said Itron president and chief executive LeRoy Nosbaum in a statement.

Itron saw a slight increase in revenue this quarter from the $564 million reported for the same period last year.

An increase in operating expenses, however, led to a slight decrease in net income from last year's $27 million.

"Our expenses are higher compared to last year as we are building the Energy and Water sales teams in Latin America and Asia-Pacific, undertaking new product development projects globally and implementing a global E.R.P. system and organization structure to support our new global operations," said Mr. Nosbaum.

The company's energy segment saw an increase in smart module shipments in North America and increased electric product shipments in Europe and the Asia-Pacific. Meanwhile, the Water segment saw increased meter shipments in Latin America and Europe.

Itron specializes in energy and water resource management solutions, providing intelligent metering, data collection and utility software and products worldwide.

The company was considered one of the top three vendors of smart meters in 2011 by Pike Research. – EcoSeed Staff

новинки кинематографа
Машинная вышивка, программа для вышивания, Разработка макета в вышивальной программе, Авторский дизайн