Optio sees jump in revenue, with drop in fiscal year income

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Process automation software provider Optio Software reported strong fiscal year financial results for the Q4 and for the fiscal year ended in January.

Total revenue for the Q4 2006 rose 7 percent to $8.2 million from $7.7 million in the prior quarter. Software license revenues also went up 7 percent to $3.1 million in the quarter, compared to $2.9 million in fiscal 2005. Optio's subscription licensing contracts contributed $588,000 to Q4 revenues, compared to $513,000 in the prior year's same quarter.

Net income for Q4 fiscal 2006 was $738,000, a 141 percent increase from net income of $305,000 in the prior-year quarter. For fiscal 2006, net income was $898,000, a decline from net income of $1.7 million in fiscal 2005.