Electro Rent Reports Higher Revenues, Net Income for Fiscal 2011 Second Quarter

VAN NUYS, Calif.--(BUSINESS WIRE)--Electro Rent Corporation (NASDAQ:ELRC) today reported a 46% increase in revenues and a 77% increase in net income for its second fiscal quarter ended November 30, 2010. Total revenues for the second quarter of fiscal 2011 grew to $53.3 million from $36.6 million for the same period last year. Rental and lease revenues rose 27% to $29.7 million from $23.3 ...