Shrewsbury-based Wayside Technology Group Inc. announced Thursday its financial results for the first quarter that ended on March 31, 2014.
According to Wayside, revenue increased by 9 percent to $71.7 million, and income from operations increased 7 percent to $1.5 million, compared to the same period last year.
Gross profit for the quarter was $5.5 million, a 4 percent increase compared to $5.3 million for the first quarter of 2013, Wayside reported.
Wayside said net income and diluted earnings per share for the quarter were $1.1 million and 23 cents, respectively, compared to $1 million and 22 cents, respectively for the same time last year.
The company’s board of directors has also declared a quarterly dividend of 17 cents per share of its stock payable on May 16, 2014 to shareholders of record as of May 6, 2014, Wayside said.
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