Tag: first fiscal quarter
NAPCO announces Q1 record sales for fiscal 2023
November 8, 2022SSN Staff
AMITYVILLE, N.Y. – NAPCO Security Technologies has announced its Q1 fiscal 2023 results with a record $39.5 million in sales. This is in comparison to last year’s $31.1 million, making a 27 percent increase in net sales for the quarter.
The company also saw a 35 percent increase for recurring service revenue (RSR) to $13.8 million as opposed to last years $10.2 million during the same period. NAPCO said that RSR now has a prospective annual run rate of roughly $58 million...
Allegion acquiring workforce management solution via plano group
November 7, 2022SSN Staff
DUBLIN – Global security product and solutions provider Allegion has signed a “definitive” agreement through one of its subsidiaries to acquire the assets of the plano Group and its SaaS workforce management solution.
The deal is expected to close sometime during the first fiscal quarter of 2023. Following that, plano will continue to serve advanced workforce management (AWFM) for customers within the Interflex portfolio. General Manager of Interflex, Bernhard Sommer, said that...