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State of the Art Inc.: The Irvine...

State of the Art Inc.: The Irvine accounting software company reported first-quarter net income of $1.2 million, equal to 13 cents per share, up 50% from $810,000, or 10 cents per share, for the first quarter of 1991. Revenue rose 27%, to $4.7 million from $3.7 million.

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