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Technology / AI and automation


Stac Inc has reported fourth quarter net profits down 11.1% at $2.5m, which includes exceptional $12.5m acquisition charge in 1996 and $600,000 in 1995, on revenue up 8.5% at $12.2m; net losses for the year to September 30 were up at $1.7m, which includes above charges from profits of $1.5m, which includes above charge and $10.1m exceptional restructuring and acquisition charges last time on revenue that rose 2.1% to $46.8m. Net earnings per share fell by 11.1% to $0.08 in the quarter.

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