Fortinet Inc. (Nasdaq:FTNT) announced financial results for the second quarter ended June 30, 2011.Total revenue was $103.0 million for the second quarter of 2011, an increase of 35% compared to the second quarter of 2010. Within total revenue, product revenue was $46.7 million, an increase of 50% compared to the second quarter of 2010. Services revenue was $52.7 million, an increase of 29% compared to the second quarter of 2010. Ratable product and services revenue was $3.7 million, a decrease of 15% compared to the second quarter of 2010.
Fortinet, Inc., together with its subsidiaries, provides network security appliances and unified threat management (UTM) network security solutions to enterprises, service providers, and government entities worldwide.
Cleantech Transit Inc (OTCPK:CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Energy producers and consumers will have available a renewable energy option with uniquely desirable characteristics. Biomass has the greatest potential of any renewable energy option for baseload electric power production. It is also the renewable resource with the most promise for producing economically competitive liquid transportation fuels. Co-production facilities will allow the production of electricity when it is needed and ethanol when it is not -- acting, in effect, as "seasonal peaking" facilities. The energy security of a nation will be significantly enhanced. With sustainable agricultural practices, biomass fuels could replace half or more of the nation's entire current level of gasoline consumption.
For more information about CLNO, visit www.cleantechtransitinc.com
Cintas Corporation (Nasdaq:CTAS) reported results for its fourth quarter ended May 31, 2011. Revenue was $1,012.1 million, representing an 11.3% increase compared to last year`s fourth quarter. Organic growth, which adjusts for the impact of acquisitions, was 8.0%. Net income increased 27.6% to $70.8 million as compared to $55.5 million in last year`s fourth quarter. Earnings per diluted share for the fourth quarter were $0.49, a 36.1% increase over the $0.36 earnings per diluted share reported in last year`s fourth quarter. Last year`s fourth quarter results included a restructuring item which increased net income by $1.9 million and earnings per diluted share by $0.01.
Cintas Corporation provides corporate identity uniforms and related business services in North America and Latin America, Europe, and Asia.
Span-America Medical Systems Inc. (Nasdaq:SPAN) reported its results for the third fiscal quarter ended July 2, 2011. Net income for the third quarter of fiscal 2011 rose to $1.0 million, or $0.36 per diluted share, compared with $945,000, or $0.33 per diluted share, in the third quarter of fiscal 2010. Net sales for the third quarter of fiscal 2011 increased to $13.7 million compared with $13.2 million in the third quarter of fiscal 2010.
Span-America Medical Systems, Inc. engages in the manufacture and distribution of various therapeutic support surfaces and related products utilizing polyurethane and other foam products for the medical, consumer, and industrial markets in the United States and Canada.
Costco Wholesale Corporation (Nasdaq:COST) announced that its Board of Directors declared a quarterly cash dividend on Costco Wholesale common stock. The dividend of $.24 per share is payable August 19, 2011, to shareholders of record at the close of business on August 5, 2011.
Costco Wholesale Corporation operates membership warehouses that offer a selection of branded and private label products in a range of merchandise categories in no-frills, self-service warehouse facilities.
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