Delphi Information’s Earnings Fall in Quarter
Delphi Information Systems reported that its earnings fell 97% for the second quarter that ended Sept. 30, to $23,000 from $711,000 a year ago.
Sales for the Westlake Village company fell 10% to $5 million from $5.7 million in the year-earlier period. Delphi makes computer systems for property-casualty insurance companies.
For the six months that ended in September, Delphi had a loss of $478,000 contrasted with a profit of $409,000 for the year-earlier period. Sales were flat at $10 million.