http://www.utahbee.com/authors/author-1080.html
The software company reported net incomweof $16,300, or zero cents per compared to a net loss of $815,000, or 9 cente per share, in the year-ago quarter. Revenues grew to $3.8 million from $3.6 million. The one analysyt who covers the company expected a net loss of 2 centd on revenuesof $3.5 Systems sales and service, maintenance and supporgt revenues both rose 12 percent during the while application hosting services revenue s fell 23 percent, the company said in a news “We continue to make progress in movinb this business forward to the point of becomingv consistently profitable; that is our main strategic goal,” said CEO Briabn Patsy in the release.
In early Streamline won a contract valuedr at morethan $1 million to integratee its document workflow solutions into an electronic medical recorde system at a Canadian health care region, Patsy It is the second Canadian contracr the company has won in the past year. Despite the bettert news, shares of Streamline (NASDAQ: STRM), followede most tech stocks down onWednesday morning, losingv more than 8 percent, or 26 cents, to $2.89.
Streamlinde Health Solutions, based in Cincinnati, is a supplie of workflow and documentmanagement tools, applicationsa and services to businesses, specifically health-care
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