UTi Worldwide Reports Fiscal 2011 Q2 Results (UTIW)

UTi Worldwide Inc. UTIW today reported financial results for its fiscal 2011 second quarter ended July 31, 2010. Fiscal Second Quarter 2011 vs. 2010 Results: Revenues were $1,151.1 million, an increase of 37 percent from $840.5 million. Net revenues (revenues minus purchased transportation costs) were $379.1 million, an increase of 12 percent from $339.4 million. Operating income was $33.9 million, an increase of 51 percent from $22.4 million. Net income attributable to UTi Worldwide Inc. was $18.9 million, or $0.19 per diluted share, compared to $11.8 million, or $0.12 per diluted share.