CryptoLogic Reports Software Revenue Up

Friday February 17, 2006

As reported by Reuters: "CryptoLogic Inc. said on Thursday that fourth-quarter earnings jumped 54 percent on record revenue from its Internet gambling software.

"Net earnings grew to $5.8 million, or 43 cents a share, in the quarter ended December 31 from a profit of $3.8 million, or 27 cents a share, in a the same period a year earlier.

"The results bettered the expectation of analysts polled by Reuters Estimates for a profit of 40 cents a share and sales of $22.8 million. Revenue grew to $25.1 million from $17.9 million in the traditionally strong quarter?"