IDC Reports Strong Growth

IDC Reports Strong Growth
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International Datacasting Corp. reported strong operating results for the third quarter of fiscal 2001.
Revenue for the three months ended Oct. 31, was about $2.85 million, compared to the roughly $1.8 million generated in the same period last year.
Year-to-date revenue of approximately $7.7million was up about $6 million during the same period last year.
Net income for the quarter was about $233,000, bringing the net income year-to-date to roughly $85,000.
Ron Clifton, president and CEO of IDC, credits the increase to a good order backlog and says the outlook for the rest of the year remains strong.
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