XRS Corp. Swings to 2Q Profit

XRS Corp. on Thursday reported a profit for its fiscal second quarter compared with a loss a year ago.

The software technology company posted net earnings of $100,000, or 1 cent a share, compared with a loss of $2.1 million, or 20 cents, a year ago.

Revenue for the quarter ended March 31 slipped to $14.5 million from $15.9 million a year ago, said XRS, formerly Xata Corp.

The company “had an enthusiastic response to our announcement in March that the new XRS mobile solution for compliance and fleet optimization is available,” Chairman and CEO Jay Coughlan said.

“With the commencement of shipment of XRS mobile subscriptions in April, new and existing customers will be able to experience the benefits of the leading fleet management platforms in a single mobile package,” he said in a statement.

XRS in March named Brendan Reidy its president and chief operating officer.