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Evolving Systems posts 4Q profit

ENGLEWOOD, Colo. (AP) _ Evolving Systems Inc. (EVOL) on Tuesday reported fourth-quarter net income of $1.3 million.

The Englewood, Colorado-based company said it had profit of 11 cents per share. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.

The provider of software services to the wireless, wire-line and cable markets posted revenue of $6.1 million in the period.

For the year, the company reported profit of $3.4 million, or 29 cents per share. Revenue was reported as $24.8 million.

In the final minutes of trading on Tuesday, the company's shares hit $4.75. A year ago, they were trading at $5.81.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVOL at https://www.zacks.com/ap/EVOL


Keywords: Evolving Systems, Earnings Report