Troy’s Net Income Increases 69%

Troy Group Inc., Santa Ana maker of financial payment systems, said net income for the first fiscal quarter increased 69% to $1.6 million, or 14 cents a share, from $955,000, or 12 cents a share, for the same period last year.

Sales for the quarter ended Feb. 29 rose 22% to $13.9 million, including $1.8 million associated with a software license agreement.