Timberline Revs Grow 10%, Profits Drop 84%

BEAVERTON, OR-Timberline Software Corp., a software maker serving the construction and property management industries, this week is reporting higher revenue but lower earnings for its third quarter.

Revenue for the quarter ended September 30 was $14.273 million, an increase of 10% from $13.023 million generated during the same quarter a year ago. Net income decreased 84% from the same quarter a year ago to $119,000 or $0.01 per diluted share. In the third quarter of last year, net income was $782,000 or $.06 per diluted share.

Through the first nine months, Timberline’s net income decreased to $1.137 million or $.10 per diluted share on revenue of $42.7 million compared to net income of $2.319 million or $.18 per diluted share on revenue of $37.5 million through the first nine months of 2000.