Delphi Information Loses $119,000 in 2nd Quarter

Delphi Information Systems, a Westlake Village provider of computer automation systems to the insurance industry, said it lost $119,000 during the 1992 fiscal second quarter that ended Sept. 30, contrasted with net income of $32,000 for the same period last year.

The company said second-quarter revenues nearly doubled to $9.8 million from $5 million last year due mainly to Delphi’s purchase in January of McCracken Computer, a former competitor based in Burlington, Mass.

For the six months that ended Sept. 30, Delphi lost $778,000 contrasted with net income of $1.16 million for the same period last year. Revenues for the period were $18.2 million, a 55% jump from last year’s revenues of $11.7 million.

Delphi’s president and chief executive, Richard Janssen, blamed the losses on the recession, the soft casualty and property insurance premium market, and costs associated with the purchase of McCracken.