Noble Iron's Rental Revenue Jumps 12% in Q2

Rental revenue increased $0.4 million, or 12% over the three-month period ended June 30, 2014 and by $1.1 million, or 17%, over the six month period ended June 30, 2014. The increase in rental revenue was driven by increased fleet, sales and marketing initiatives and fleet diversification. The year-over-year total revenue difference was also largely attributed to a significant one-time software license sale, totaling $0.5 million, to a single large customer that occurred during the three month period ended June 30, 2013. Recurring revenues within the software segment increased 12% year over year for the six months ended June 30, 2014 and 13% during Q2 2014.

For more about Noble Iron's second-quarter and year-to-date results...