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May 1, 1997updated 05 Sep 2016 12:33pm

COMPANY RESULT: SOFTNET SYSTEMS INC

By CBR Staff Writer

SoftNet Systems Inc, Lake Forest, Illinois developer of data management systems, reported second-quarter net income of $283,000 – or $0.04 per share – on revenue that slipped 17% to $10.2m, compared to net income of $1.9m – or $0.31 per share – for the same quarter last year. Mid-term net income was down 66% to $538,000 on revenue down 5% at $21m. Earnings per share for the half-year plummeted 68% to $0.08.

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