ARI releases second quarter financials

(March 16, 2012) -- ARI reported revenue of $5.5 million versus $5.2 million in the comparable quarter of fiscal 2011; an increase of 5.0 percent. Total operating expenses in the second quarter were $4.1 million, up 4.7 percent, compared to $3.9 million in the fiscal 2011 second quarter. The company reported net income of $61,000.