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Article: NIC Earns Six Cents Per Share on a 50 Percent Increase in Portal Revenues.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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NIC Inc. (NASDAQ: EGOV) announced net income of $4.1 million and earnings per share of six cents on total revenues of $37.3 million for the three months ended September 30, 2009. Operating income was $6.6 million for the quarter, a 47 percent increase over the prior year quarter. The company reported net income of $3.1 million and earnings per share of five cents on total revenues of $24.9 million in third quarter 2008.
As previously announced, Texas NICUSA, LLC, part of the NIC family of companies, acquired an eGovernment contract in the state of Texas during the second quarter of 2009, which includes the current TexasOnline portal management engagement through ...