A software systems provider that serves the title and real estate industries, Micro General has reported a 170% increase in net income from third quarter 2000 to third quarter 2001. Net income rose from $1.1 million for the quarter ended September 30, 2000 to $3.1 million for this year's third quarter.
Revenues jumped 20% to $34.2 million in third quarter 2001 from $28.5 million one year ago. The first three quarters of this year reflected a 29% rise, with a reported $101.4 million in revenues, as compared to $78.5 million in revenues for the same nine-month period in 2000.
"We are very pleased to see the sixth consecutive quarter of record pre-tax profits, and the most profitable quarter ever for Micro General, which demonstrates ongoing growth and improvement in operations," says Dale Christensen, the company's CFO.
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