CEO: Dinesh Desai
Emtec was the only channel stock followed by CRN to decline in the first half of 2013.
For the six months ended Feb. 29, Emtec reported revenue of just over $100 million, down 16.4 percent from $119.8 million in the same period one year earlier. The Springfield, N.J.-based solution provider reported a net loss of $1.8 million for that period, compared to a $2.3 million net loss for the same period one year before.
For the quarter ended Feb. 28, the company said it experienced weakness in demand for both procurement services and consulting services, and that customers put a number of projects on hold.