Itron reports stronger than expected second-quarter financial results

Net income for the second quarter of 2001 was $2.6 million, or 5.0% of revenues, compared with $1.2 million, or 2.5% of revenues in the second quarter of last year. Diluted earnings per share were 15 cents for the second quarter of 2001, almost double the eight cents reported for the second quarter of last year, and up 50% from the first quarter of 2001.

MINNEAPOLIS & ATLANTA, July 16, 2001 – Indus International Inc., the provider of Enterprise Asset Management (EAM) software solutions, recently completed the initial phase of PassPort 8.0 implementation for Xcel Energy Inc., a provider of electricity and natural gas energy in the Midwestern and Western United States.

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