These transactions reflect Woodward (NASDAQ:WWD)'s ongoing involvement and investment in TSS, Inc., a company specializing in management consulting services, headquartered in Round Rock, Texas. The company currently trades near its InvestingPro Fair Value, with strong momentum as evidenced by its significant price appreciation over multiple timeframes. The company currently trades near its InvestingPro Fair Value, with strong momentum as evidenced by its significant price appreciation over multiple timeframes.
These transactions reflect Woodward's ongoing involvement and investment in TSS, Inc., a company specializing in management consulting services, headquartered in Round Rock, Texas. The company currently trades near its InvestingPro Fair Value, with strong momentum as evidenced by its significant price appreciation over multiple timeframes.
These transactions reflect Woodward's ongoing involvement and investment in TSS, Inc., a company specializing in management consulting services, headquartered in Round Rock, Texas.
In other recent news, TSS, Inc. has reported a significant rise in its Q3 revenue and earnings per share (EPS). The company's revenue for the quarter soared to $70.1 million, marking a 689% year-over-year increase. This growth was primarily driven by TSS's procurement segment, which saw revenues increase to $60.5 million. The company's net income also saw a substantial rise, with diluted EPS jumping from $0.01 to $0.10.
In addition to the financial achievements, TSS has also announced operational improvements, strategic partnerships, and plans for a new facility to support its expanding AI infrastructure services. The company has also been uplisted to the NASDAQ Capital Market. TSS expects continued demand for AI infrastructure services and plans to invest between $25 million to $30 million in a new operational facility.
Despite these positive developments, the company anticipates slightly lower profitability in Q4 2024 due to a smaller pipeline of procurement deals. However, TSS management remains optimistic about the company's future and its capacity for growth in the advanced computing and AI integration services market.
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