Rainbow Quarterly Income Up 10%

Rainbow Technologies Inc., which provides software and information security products, reported that net income for the fourth quarter rose 10% to $3.3 million, or 40 cents a share, from $3 million, or 37 cents a share, for the corresponding quarter last year. Revenue increased 36% to $28.8 million from $21.2 million. Net income for the year was up 8% to $11.3 million, or $1.42 a share, from $10.5 million, or $1.32 a share, for 1996. Revenue grew 16% to $94.7 million from $81.7 million.