Business

Mass. Movers

ModusLink erases a year-earlier loss

ModusLink offers supply chain and logistics services to many types of businesses.

Reuters/File 2013

ModusLink offers supply chain and logistics services to many types of businesses.

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Waltham-based ModusLink Global Solutions Inc. said it had quarterly revenue of $194 million, 4.6 percent less than a year earlier. But earnings per share came in at 2 cents, versus a 29 cent loss last year. Net income of $1.1 million compared with a net loss of $12.6 million in the year-earlier quarter. The revenue decline was driven by lower sales to a software client that reorganized its supply chain and in the same period last year had high unit volumes due to a major product launch, ModusLink said.

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