MapInfo Q4 Results

MapInfo Corporation (NY, USA) has reported a gain in operating margin to 10.3% over the previous year’s operating margin of 6.3%. This marked the sixth consecutive quarter showing improvement in operating margin and operating income. Revenues for the fourth quarter of fiscal 2004 were US$ 32.5 million compared to US$ 30.0 million for the previous year fourth quarter. Net income for the fourth quarter grew 70% to US$ 1.8 million, from US$ 1.1 million in the same quarter last year. For fiscal 2004, the company reported record revenues of US$ 124.7 million, a 17% increase over the US$ 106.3 million reported in fiscal 2003. During the year financial services grew from 5% to 10% of revenue. The company reported net income of US$ 5.1 million, compared to a net loss in fiscal 2003 of US$ 1.1 million.