Posts Tagged ‘WPCS’

Stimulus Dollars Begin to Flow, Energizing Contract Growth for Engineering Firm WPCS

WPCS International Incorporated (NasdaqGM: WPCS), a provider of wireless communication, specialty construction and electrical power solutions for customers in the public service, healthcare, energy and corporate enterprise sectors, has seen its stock beaten down of late by a harried contracting environment and fiscal year results that were off prior year levels (revenues for FY10, which ended April 30, 2010, were down approximately 1.2% to $105.8M while net income was down 48.9% to $0.9M). Much of this revenue reduction can be traced to the tight purse strings of local and state governments as tax revenues fell because of the Great Recession.

WPCS awarded $7.3 MILLION in New Contracts, Sees Success for Future

Based in Exton, Pa.,WPCS International Incorporated (NASDAQ: WPCS), a leader in design-build engineering services for communications and electrical infrastructure, announced on Wednesday, June 30, 2010 that it has received approximately $7.3 million in new contracts for projects in the United States and overseas.