NIC: 1Q Earnings Snapshot

NIC: 1Q Earnings Snapshot

Associated Press
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OLATHE, Kan. (AP) _ NIC Inc. (EGOV) on Monday reported first-quarter profit of $11.5 million.

On a per-share basis, the Olathe, Kansas-based company said it had net income of 17 cents. Earnings, adjusted for severance costs, were 19 cents per share.

The developer of government online services, websites and mobile applications posted revenue of $85.2 million in the period.

NIC shares have increased 42% since the beginning of the year. In the final minutes of trading on Monday, shares hit $17.67, a rise of 14% in the last 12 months.

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

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