XETA Technologies, Inc. Reports Q1 EPS of $0.07

XETA Technologies, Inc. XETA today reported earnings of $571,000, or $0.05 per diluted share, on revenue of $27.4 million for the first fiscal quarter ended January 31, 2011. This compares to earnings of $633,000, or $0.06 per diluted share, on revenue of $23.0 million for the first fiscal quarter ended January 31, 2010.

During the first quarter of fiscal 2011, the Company recorded $324,000 of non-recurring expenses for professional fees and other costs related to corporate development activities. Excluding non-recurring expenses recorded during the first quarter ended January 31, 2011, non-GAAP net income was $768,000, or $0.07 per diluted share.