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by Stephanie Neil, MA Editorial Staff Posted on Thursday, May 01, 2008 6:00:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The mobile computing provider credits five new growth strategies for a 21% increase in revenue, the best Q1 of sales in the company’s history. |
| Keywords: | RFID sales, Intermec RFID |
Intermec Inc., a mobile computing and RFID company, entered its 2008 fiscal year on the right foot, reporting a 21% jump in revenue, as well as earnings to replace a loss in the year-ago quarter.
For its first quarter, ended March 30, 2008, Intermec generated revenue of $217 million, a strong improvement on year-earlier sales of $179 million. Net income reached $7.7 million, turning around a net loss of $4.4 million in the 2007 first quarter. Cash flow from operations was approximately $17.5 million in the just-ended quarter, and the company paid off its long-term debt of $100 million.
Intermec began to bounce back last year after a 2006 restructuring plan that included headcount reductions and facility consolidations. Today, the company focuses its business on five core strategies, executives said: targeting high-growth opportunities in selected industries and applications, delivering innovative and differentiated new products, building out new channels, investing in global expansion, and accelerating its own supply chain transformation.
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