Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2021
First Nine months of Fiscal Year 2021 Financial Highlights Total revenues were $434.7 million , an increase of 16.2% compared to the comparable prior year period. Non-GAAP gross margin was at 36.4%, compared to 35.6% for the comparable prior year period. Non-GAAP net income attributable to Hollysys was $71.7 million , a decrease of 7.9% compared to the comparable prior year period. Non-GAAP diluted EPS was $1.18 , a decrease of 7.8% compared to the comparable prior year period. Net cash provided by operating activities was $48.6 million for the current period. DSO of 186 days, compared to 188 days for the comparable prior year period. Inventory turnover days of 52 days, compared to 57 days for the comparable prior year period. Third Quarter of Fiscal Year 2021 Financial Highlights Total revenues were $109.9 million , an increase of 36.1% compared to the comparable prior year period. Non-GAAP gross margin was at 37.5%, compared to 30.8% for the comparable prior year period. Non-GAAP net income attributable to Hollysys was $18.7 million , an increase of 34.0% compared to the comparable prior year period.
Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2021
First Nine months of Fiscal Year 2021 Financial Highlights Total revenues were $434.7 million , an increase of 16.2% compared to the comparable prior year period. Non-GAAP gross margin was at 36.4%, compared to 35.6% for the comparable prior year period. Non-GAAP net income attributable to Hollysys was $71.7 million , a decrease of 7.9% compared to the comparable prior year period. Non-GAAP diluted EPS was $1.18 , a decrease of 7.8% compared to the comparable prior year period. Net cash provided by operating activities was $48.6 million for the current period. DSO of 186 days, compared to 188 days for the comparable prior year period. Inventory turnover days of 52 days, compared to 57 days for the comparable prior year period. Third Quarter of Fiscal Year 2021 Financial Highlights Total revenues were $109.9 million , an increase of 36.1% compared to the comparable prior year period. Non-GAAP gross margin was at 37.5%, compared to 30.8% for the comparable prior year period. Non-GAAP net income attributable to Hollysys was $18.7 million , an increase of 34.0% compared to the comparable prior year period.