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Friday, December 23, 2011

SAND Technology Announces First Quarter Results for Fiscal Year 2012

MONTREAL, Dec. 23, 2011 /CNW/ - SAND Technology Inc. (OTCBB:SNDTF.OB), the provider of the world's most advanced columnar database, today reported a net profit for the three months ended October 31, 2011 of $6,769,278, which includes a gain of $8,505,838 on the sale of the Company's SAP Information Lifecycle Management (ILM) Product Line to Informatica Corporation, on revenues of $600,341 compared to a net loss of $24,730 on revenues of $1,537,530 for the three months ended October 31, 2...continued
     

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