Medication and blood bank management software vendor Mediware Information Systems Inc. reports big profit gains with modest increases in revenue during the third quarter of fiscal 2010 and the first nine months of the year.
The Lenexa, Kan.-based company had third quarter net income of $891,000, up 84 percent from the same period a year ago. Quarterly revenue increased 26 percent to $12.8 million. It was the company's seventh straight quarter of increased earnings and revenue.
For the first nine months of fiscal 2010, Medicare had net income of $2.3 million, up 128 percent, as revenue rose 14 percent to $34.4 million. More information is available at mediware.com.
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