Rand Worldwide, Inc. announced consolidated financial results for the year ended June 30, 2013. For its fiscal year ended June 30, 2013, the company reported total revenues of $82.5 million, as compared with $81.1 million for its prior fiscal year. During fiscal year 2013, the company disposed of its operations in Singapore, Malaysia and Australia.

As a result of these dispositions, the company reported a loss from discontinued operations of $241,000 and a loss on the sale of those operations of $370,000, both of which were separately reflected in the consolidated statement of operations. As a result, Rand Worldwide, Inc. reported net income from continuing operations before income taxes of $4.2 million for the years ended June 30, 2013 and 2012. In the prior fiscal year, the company reported a $4.3 million non-recurring reduction of income tax expense resulting from the recognition of a portion of the value of the Company's net operating loss carry forwards that are available to offset future income taxes and there was no such adjustment this year.

Thus, for the current fiscal year, the company reported net income from continuing operations available to common stockholders of $2.4 million, or $0.03 per fully diluted share, as compared with $8.1 million, or $0.15 per fully diluted share in the prior year. Operating income was $4.68 million compared to $4.70 million for the same period of last year.