Delphi Announces 4th-Quarter Profit

Delphi Information Systems Inc. reported a $288,000 profit for its fiscal fourth quarter ended March 31, compared with a year-earlier loss of $994,000.

Delphi, a Westlake Village producer of computer systems tailored to the insurance industry, said its fourth-quarter revenue rose to $5.80 million from $5.02 million.

For its full fiscal year, Delphi had a $1.64-million loss compared with a loss of $710,000 the previous year, while its annual revenue edged up to $21.1 million from $20.5 million. The latest loss stemmed from a $1.71-million charge resulting from an accounting change, Delphi said.