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  1. Technology
October 15, 1998


By CBR Staff Writer

Keane Inc, Boston-based technology consulting firm, has reported third-quarter net income up 98.1% at $25.3m on revenue up 55.6% at $280.5m. Nine-month net income rose 98% to $68.6m on revenue up 56.6% at $772.1m. Earnings per share rose 94.4% to $0.35 for the quarter and 95.9% to $0.96 for the year. Results include merger-related charges of $1.9m and $6.0m for the quarter and nine months, respectively. Net of the charges, earnings for the quarter would have been $0.38, a penny better than estimates. the company last week had issued a statement to assure investors that its business was sound after its shares had taken a rough ride.

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