TouchStone Software reported first-quarter net income of...
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Compiled by MARY ANN GALANTE, Times staff writer
TouchStone Software reported first-quarter net income of $20,006. It had a loss of $40,589 for the year-earlier period. Revenue was $321,594, 73% higher than the $185,749 posted in the first quarter last year.
Larry Dingus, TouchStone chairman and chief executive officer, attributed the higher revenue to a previously announced software licensing agreement with Ford Motor Co., which amounted to 44% of the quarter’s revenues.
TouchStone, of Seal Beach, develops and markets software that provides compatibility for various computers and networks.
