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Recurring profit, similar to profit from continuing operations, advanced 14percenttoto 1.85 billion reais from a year ago, it said.
An important metric, recurring profit margin, has plateaued near 9 percent, according to his calculations, and as long as it continues at that level, it should be enough to propel the market upward.
On a more positive note, the company saw a raise in software and service revenue to $160 million, a recurring profit that points the way forward for a company undergoing a profound shift.
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For investors, who prefer recurring profits and low risk to big bold bets on potential blockbusters, this is pay dirt.
If I.B.M. had bought DOS, I.B.M. would have earned the recurring profits that instead flowed to Microsoft.
And just as Japanese retail sales for March showed their 36th consecutive monthly drop, Fast Retailing announced half-year sales that were up by 79%, and recurring profits that nearly quadrupled to ¥25.9 billion.
During yesterday's conference call with reporters, Mr. Dell said that printers were a potentially rich market to tap, especially with recurring profits to be made from selling ink cartridges.
As well as launching its rights issue at a subscription price of 26.70 euros ($35.13), or a 35.7% discount to Tuesday's closing price, Pernod Ricard also confirmed its guidance for double-digit recurring profits growth for its 2008-2009 fiscal year (which ends in June).
However, in the company-owned mode, the franchisor can extract all the recurring operating profit compared to partial revenue (in the form of royalty fee) in the franchise arrangement.
Mr. Johnson said that the anomaly was a falling-market phenomenon and would probably not recur when profits and stock prices were rising.
Everybody wins: Staples gets cheaper energy for no money down, SunEdison sells the systems to the banks at a profit and charges recurring maintenance fees and the banks have a reliable revenue stream that also offsets their tax burdens.
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CEO of Professional Science Editing for Scientists @ prosciediting.com