Wiz Technology Posts Income, Revenue Gains

Computer software company Wiz Technology Inc. posted hefty gains in net income and revenue for the third fiscal quarter ended April 30.

Net income rose to $272,975, or 3 cents a share, from $33,279, or 1 cent a share, for the same period last year. Revenue rose to $2.7 million from $599,498. For the nine-month period, net income totaled $794,044, or 9 cents a share, contrasted with a net loss of $418,526, or 5 cents a share, for the first three quarters of the prior fiscal year. Revenue increased to $6.3 million from $2.1 million.