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Edited Transcript of INS earnings conference call or presentation 1-Nov-19 3:00pm GMT [Yahoo! Finance News]

Intelligent Systems Corporation (INS) 
NASDAQ:AMEX Investor Relations: verint.com/investor-relations/index.html
Edited Transcript of INS earnings conference call or presentation 1-Nov-19 3:00pm GMT And now I'll turn to some other highlights on our income statement. We reported significantly higher income from operations of $4.200 million for Q3 2019 compared to $1.736 million for Q3 2018. This resulted in operating margin of 44% for Q3 2019 compared to 32% for Q3 2018, and 35% for Q3 2019. The year-over-year improvement was driven by our license revenue contributing significantly more to total revenue. We achieved a sequential increase in margin for the third quarter of 2019 compared to both the first and second quarters of 2019. This improvement, again, was driven by higher license revenue, partially offset by higher general and administrative expenses related to legal and hiring costs, and also higher research and development expenses related to accrued employee bonuses. Our year-to-date 2019 tax rate was 24.7% compared to 4.6% in the comparable 2018 period due to the utilization of net opera Show less Read more
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