G.A. Income Drops 65%
- Share via
Times staff and wire reports
IRVINE — General Automation Inc., a computer-systems integrator and distribution and services provider, reported that net income for the fiscal year ended Sept. 30 declined 65% to $502,000, or 6 cents a share, from $1.4 million, or 18 cents a share, for the prior year.
The company said earnings were affected by expenses related to the acquisition and consolidation of Liberty Integration Software and Sequoia Enterprise Business Systems.
Revenue increased 44% to $36.8 million from $25.5 million.
The stock closed Monday at $1.25 a share, off 13 cents, in trading on the American Stock Exchange.
