AMERICAN FORK — Sento Corp. said Tuesday it had net income of $91,000, or 1 cent per share, for the quarter ended June 30. That compares with net income of $275,000, or 3 cents per share, for the same period a year earlier.
Those amounts include income from discontinued operations. Sento said in May it would stop operating its training division.
Revenues from continuing operations in the quarter totaled $6.2 million, up from $4.9 million a year earlier. Income from continuing operations was $91,000, or 1 cent per share, down from $125,000, or 1 cent per share, in the prior-year period.
Dennis Herrick, president and chief executive officer, said Sento's clients have been affected by the general economic slowdown and in turn have exerted pricing pressures on Sento's services.
The company said revenues in the upcoming quarter should be between $5 million and $5.5 million, with net income "between a small loss to a break-even level." For the fiscal year ending March 30, Sento expects revenues between $30 million and $32 million, and net income between 20 cents and 30 cents per share.
Sento is involved in customer relations management, providing services including telephone, e-mail, Web text chat, Web call-backs, browser collaboration, voice mail and fax.
Sento stock was trading at $1.65 early Tuesday, unchanged from Monday's close. In the past year, it has ranged from $1.39 to $4.37.