November 8, 2011
Revenue, Profits Rise At ViryaNet
By Rick Saia
Software manufacturer ViryaNet of Westborough reported a 4 percent increase in revenue for the third quarter and a whopping 147 percent jump in profits.
ViryaNet, which makes mobile workforce management software, reported revenue of $2.9 million for the quarter, due in part to a 123 percent jump in software licensing revenue. The profit for the quarter - $373,000 - rose nearly one and a half times the profit the company reported in the same quarter last year.
WBJ Web Partners
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