Dallas, Texas 03/19/2014 (FINANCIALSTRENDS) – ModusLink Global Solutions, Inc.(NASDAQ:MLNK) is a Waltham, MA based solutions provider in the logistics and supply chain vertical. The company delivers diverse services in this sector through multiple subsidiaries- ModusLInk Corporation, Tech for Less LLC as well as ModusLink PTS. The company’s services are directed to meeting the needs of consumer electronics companies.
ModusLink Global Solutions, Inc.(NASDAQ:MLNK) has also an established service line for computing, communications, medical devices, luxury goods as well as software plus retail services.The company has constituted its services into segments- for the four regions it operates- Europe, TFL, both the American continents as well as Asia. The key to the success of the logistics services this company provides is the reportable feature. Here the pressure is in connecting the PTS operating segment with Americas operating segment. It also operates the 30 sites located in 15 countries in the Americas as well as the other regions. The other factor which has led to ModusLInk’s expansive solutions is the supply it offers to its various businesses, which include factory-based services, aftermarket services as well as e-Business.
ModusLink Global Solutions, Inc.(NASDAQ:MLNK) is also able to handle postponements and supplies effectively as well. In the recent weeks the share prices for this major logistics solution provider have soared by over 25%. The immediate cause for the increase was the second quarter results the company filed for the current fiscal year.
The highlight of the quarterly results was the profit the share garnered. It reported $0.02 per share profit, which was definitely better than the $0.29 share loss the company had reported for the same quarter in the previous year. The revenue however, had dropped by 4.6% on a year to year basis, reporting $194 million in the long run. The logistics services provider currently holds market capital $224.59 million.