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Technology / AI and automation

COMPANY RESULT: CLAREMONT TECHNOLOGY GROUP INC

Claremont Technology Group Inc, Beaverton, Oregon systems integrator, reported fourth-quarter net income down 39% at $495,000 on revenue up 37% at $18.6m. Results for the quarter include acquisition charges of $671,000. For the year, net income rose 40% to $4.2m on revenue up 42% at $67.3m. Earnings per share fell 55% to $0.05 for the quarter, and rose 10% to $0.44 for the year.

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CBR Staff Writer

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