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by Stephanie Neil, MA Editorial Staff Posted on Wednesday, April 23, 2008 3:35:22 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Sales spike 17% for the automation purveyor as it reveals an agreement to acquire MI vendor Incuity. |
| Keywords: | Rockwell acquisition, Rockwell financials |
Rockwell Automation delivered a double dose of upbeat news this week, reporting a 17% increase in quarterly sales on the heels of its disclosure that it will purchase Incuity Software Inc., a purveyor of enterprise manufacturing intelligence software.
For its second quarter of fiscal 2008, ended March 31, Rockwell reported sales of $1.4 billion, a 17% improvement on $1.2 billion in the second quarter of 2007. Income from continuing operations reached $142.8 million, up from $120 million in the year-prior quarter, as foreign currency translation and acquisitions contributed 6 percentage points and 4 percentage points, respectively, to the growth, the company said.
The fiscal Q2 results were in line with expectations but demonstrated a different mix of product and regional performance than had been expected. One financial analyst on a conference call this morning described it as “a good quarter, but with a lot of moving parts.”
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