FileNet Corp.: The Costa Mesa manufacturer of...
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FileNet Corp.: The Costa Mesa manufacturer of computerized document storage and retrieval systems reported fourth-quarter net income of $2.8 million, contrasted with $640,000 for the period in 1988. Revenue rose 44% to $26.5 million, from $18.4 million. Net income for the year was $3 million, more than double the $1.4 million it reported for 1988. Revenue for the year reached a record $83.1 million, 31% higher than the $63.2 million recorded for the year before.
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