DTLK Q1 08 Results
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.