Obic (OTCMKTS:OBIIF) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Obic (OTCMKTS:OBIIF) released its earnings results on Monday. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02, Zacks reports. The company had revenue of $219.05 million during the quarter, compared to analysts’ expectations of $222.90 million. Obic had a return on equity of 15.64% and a net margin of 54.92%.

Obic Stock Performance

Shares of Obic stock opened at $32.17 on Wednesday. Obic has a 12 month low of $26.30 and a 12 month high of $40.09. The firm has a market capitalization of $14.15 billion, a P/E ratio of 29.24 and a beta of 0.67. The business has a fifty day simple moving average of $32.16 and a two-hundred day simple moving average of $33.63.

Obic Company Profile

Obic (OTCMKTS:OBIIF) is a Tokyo‐based technology company founded in 1978 that specializes in the development and deployment of enterprise resource planning (ERP) software and related IT services. The company’s core offerings include integrated management systems for finance, production, distribution and human resources, which are delivered either through on‐premise installations or via cloud‐based platforms. Obic’s software suite is designed to help businesses streamline operations, improve data visibility and support decision‐making across various functional areas.

In addition to its ERP solutions, Obic provides a range of professional services such as system integration, consulting, customization and ongoing technical support.