SAND Technology Announces First Quarter Results for Fiscal 2010
Montreal, Canada, December 18, 2009 — SAND Technology Inc. (OTCBB:SNDTF), an international provider of data management software and best practices, today reported a net income for the three-month period ended October 31, 2009. The Company reported a net income for the first quarter of fiscal year 2010 of $553,253 on revenues of $2,485,464 compared with a net loss of $989,850 on revenues of $1,223,928 for the first quarter of fiscal year 2009. All figures are in Canadian dollars.
“We are pleased with our results for the quarter,” notes Tom O’Donnell, President and CEO of SAND Technology. “However significant work remains to be able to report positive quarterly results on a normal recurring basis. A sense of urgency is being instilled in all SAND employees to change the company to a profit based mentality”
“I am optimistic about the future of SAND based on our expanded presence within our existing customer base and interest from potential new customers. We are working diligently to improve our productivity, operational efficiencies and product offerings”.
About SAND
SAND Technology provides scalable enterprise software and best practices for storing, managing, and accessing all your data, on-demand. SAND/DNA includes cost-effective nearline data access and high-speed, column-based analytics, aCRM, and specialized extensions designed to lower TCO and improve operational performance for SAP NetWeaver BI, IBM DB2, Microsoft SQL Server, Oracle, SAS, and more. SAND has offices in the United States, Canada, the United Kingdom and Central Europe, and can be reached online at www.sand.com.