State of the Art Inc.: The Irvine...
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State of the Art Inc.: The Irvine accounting software developer posted a profit of $5.1 million, or 55 cents a share, for 1992. That was 6% more than the company’s earnings of $4.8 million, or 55 cents a share, recorded for 1991. Annual revenue was up 13% to $21.6 million from $19.1 million. Fourth-quarter profit was $1.9 million, or 22 cents a share, compared to $1.9 million, or 20 cents a share, for the like 1991 period. Quarterly revenue increased 14% to $7.3 million from $6.4 million.
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