Titan Machinery Inc., a leading network of full-service agricultural and construction equipment stores, has reported financial results for the second quarter and first six months ended July 31, 2011.
For the second quarter of fiscal 2012, revenue increased 48.3% to $310.8 million from revenue of $209.7 million in the second quarter last year. All three of the Company's main revenue sources - equipment, parts and service - contributed to this period-over-period revenue growth. Equipment sales were $225.3 million for the second quarter of fiscal 2012, compared to $153.1 million in the second quarter last year. Parts sales were $49.3 million for the second quarter of fiscal 2012, compared to $33.9 million in the second quarter last year. Revenue generated from service was $25.4 million for the second quarter of fiscal 2012, compared to $17.5 million in the second quarter last year.
For the entire story, click here.
