DALLAS, March 8, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Zanett Inc. (Nasdaq:ZANE). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/ZANE
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Zanett Inc. (ZANE) is an information technology (IT) company that provides customized IT solutions to corporations and mid-market companies. The Company also provides such solutions to classified government agencies. Its subsidiaries include Back Bay Technologies Inc., Brandywine Computer Group Inc., PDI, DeltaData Inc., INRANGE Global Consulting, Zanett Commercial Solutions Inc., Data Road Inc., DBA Group LLC and PS GoLive LLC. On November 25, 2008, the Company acquired PS GoLive LLC (PS GoLive).
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In the report, the analyst notes:
"In the quarter ended September 30, 2009, ZANE generated revenues of $9,903,120, a decrease of 22% from the $12,622,529 generated in the same quarter of 2008. This decrease in revenue can be attributed primarily to the weakening of the economy and decreased demand in the IT industry, a trend that has been continuing throughout 2009.
"ZANE announced last week that it has set an in-house corporate record for contracts closed in the months of January and February 2010. Between the two months, over $12 million dollars in new business has been closed. This amount of revenue is comprised of 42 different customers, with the largest customer being responsible for a $4 million mandate. Healthcare was by far the biggest segment of contracts signed for the past 2 months. ZANE recently announced that is has jointly developed a CODS software package (Clinical Online Delivery System) to support standardized, evidence-based order sets at the point of care, arming doctors and clinicians with critical information to improve medication safety and patient care."
To read the entire report visit: http://www.stockpreacher.com/n/ZANE
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