Rainbow Technologies Inc.: The Irvine provider of...

Rainbow Technologies Inc.: The Irvine provider of software protection products reported third-quarter profit gained 40% to $2.8 million, or 35 cents a share, from $2 million, or 26 cents a share, for the same period last year. Revenue rose 17% to $22.3 million from $19.1 million. Year-to-date net income increased 5% to $8 million, or $1.01 a share, from $7.6 million, or 94 cents a share, for the like three quarters of 1996. Revenue was up 9% to $65.9 million from $60.5 million.