State of the Art Inc.: The Irvine...
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State of the Art Inc.: The Irvine accounting software developer reported that net income for the second quarter increased 83% to $1.1 million, or 10 cents a share, from $589,000, or 5 cents a share, for the second quarter last year. Revenue gained 18% to $9.9 million from $8.4 million. Profit for the six-month period more than doubled to $2.4 million, or 21 cents a share, from $1.1 million, or 10 cents a share, for the same period in 1994. Revenue rose 24% to $20.2 million from $16.3 million.
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