CryptoLogic
Reports Software Revenue Up
As reported by Reuters: "Cryptologic
Inc. said on Thursday that fourth-quarter earnings
jumped 54 percent on record revenue from its
Internet gambling software.
"Net
earnings grew to $5.8 million, or 43 cents a
share, in the quarter ended December 31 from
a profit of $3.8 million, or 27 cents a share,
in a the same period a year earlier.
"The
results bettered the expectation of analysts
polled by Reuters Estimates for a profit of
40 cents a share and sales of $22.8 million.
Revenue grew to $25.1 million from $17.9 million
in the traditionally strong quarter…"
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