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IDC Reports Strong Growth

IDC Reports Strong Growth

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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