FARO Technologies, Inc. (FARO)

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FARO Technologies 2008 Q2 sales, profits take off
Orlando Business Journal
FARO Technologies Inc. has announced that its second quarter sales increased 21.4 percent, while its net profits jumped 10 percent, compared to the same period last year.

The Lake Mary-based company (Nasdaq: FARO) reported sales of $57.7 million, or $10.1 million more than the $47.6 million recorded during the second quarter 2007.

Net income for the three-month period that ended June 28 was $6.4 million, or 38 cents per diluted share, compared to $5.8 million, or 39 cents per share, for the same quarter last year.

FARO designs, develops and markets portable, computerized measurement devices and software used to create digital models.