Terminal Data Reports 65% Profit Increase

Terminal Data Corp., a Moorpark supplier of document imaging products and services, reported a 65% increase in profit during its fiscal fourth quarter ended Sept. 30, to $173,000 from $105,000 a year earlier.

The profit came despite a 13% drop in revenue, to $5.1 million from $5.35 million a year earlier. For the 12 months ended Sept. 30, Terminal Data showed a loss of $532,000 on sales of $20.8 million, compared with a loss of $1.8 million on revenue of $21.1 million during the same period a year earlier.

Terminal Data also announced Monday that, in an effort to deter coercive or unfair takeover attempts, the company will offer a shareholder rights plan that will enable holders of common stock as of Dec. 8 to buy a stake in preferred stock. The company also appointed two new directors--James P. McNaul, president of Antioch Systems Corp., and Thomas T. van Overbeek, president of Cornerstone Technology.