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IQ Software Corp has reported that net income for the fourth quarter was $50,000, compared to $502,000 for the same period a year earlier. Total revenue for the quarter fell 1.5% to $5.9m, while earnings per share dropped to $0.01 from $0.11. Earnings for the year ended January 31 climbed 44% to $2.2m and earnings per share increased 29% to $0.45.

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