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Datalink announced Q1 08 results today and reported nice results.
Datalink reported 47.73 million in revenue and diluted earnings per share (EPS) of 0.04. Revenue was up 17% YOY and EPS was up from a loss of 0.06 in Q1 07. Datalink also reported its highest gross margin since the fourth quarter of 2004. The company gave guidance for revenue between 48-52 million and EPS of 0.05 – 0.09 for next quarter.
Datalink is continuing to show improvement in its financial numbers and I would continue to hold your shares. I think the stock price of Datalink will rebound quite a bit over the next few quarters as it reports further improvement.
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Good pick, phillip.