Evolving Systems profit up 19% in Q3
Evolving Systems said its net income increased 19% in the third quarter to $1.6 million from $1.3 million in the same quarter of 2009.
Third-quarter revenue was $9.2 million, down from $9.9 million in the year-ago period.
Also, net income for the nine months to September increased 23% to $4.2 million from $3.4 million in the same period a year ago.
CEO Thad Dupper said the company’s nine-month revenue represents its highest nine-month total since 2005.