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Incomnet Income Jumps 140% in First Quarter

VALLEY AND VENTURA COUNTY BUSINESS | REGIONAL EARNING

May 20, 1997

Incomnet Inc. posted a record $1.01-million income in the first quarter, up 140% from $418,000 the year before.

Revenues for the Woodland Hills-based company rose to $31.2 million for the quarter that ended March 31, up 29% from $24.4 million a year earlier.

On May 13, Incomnet purchased California Interactive Computing Inc., a Valencia-based software company, for $1.8 million.

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