State Of The Art Inc.: The Irvine...

State Of The Art Inc.: The Irvine developer of accounting software reported that net income for 1991 increased 55%, to $4.8 million, or 55 cents per share, from $3.1 million, or 39 cents per share, in 1990. Revenue rose 18%, to $19.1 million, from $16.2 million. Fourth-quarter net income swelled to $1.9 million, or 20 cents per share, from $926,000, or 12 cents per share, a year earlier. Revenue rose 19%, to $6.4 million from $5.4 million.