Wednesday, October 12, 2011

Streamline jumps into black for 1Q - Portland Business Journal:

adamovaichive.blogspot.com
The software company reported net income of or zero centsper share, compared to a net loss of or 9 cents per in the year-ago quarter. Revenuez grew to $3.8 million from $3.6 million. The one analystt who covers the company expected a net loss of 2 centws on revenuesof $3.5 million. Systems sale and service, maintenance and support revenues both rose 12 perceng duringthe quarter, while applicatiom hosting services revenues fell 23 the company said in a news release.
“We continure to make progress in moving this businesd forward to the poin of becomingconsistently profitable; that is our main strategic said CEO Brian Patsy in the In early June, Streamline won a contract valued at more than $1 milliojn to integrate its document workflow solutions into an electronid medical records system at a Canadianb health care region, Patsy It is the second Canadian contract the company has won in the past Despite the better news, share s of Streamline (NASDAQ: followed most tech stocks down on Wednesdauy morning, losing more than 8 percent, or 26 cents, to Streamline Health Solutions, based in Cincinnati, is a supplier of workflo w and document management tools, applications and servicea to businesses, specifically health-care

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