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The software company reportee net incomeof $16,300, or zero cents per compared to a net loss of or 9 cents per share, in the year-agoi quarter. Revenues grew to $3.8 millioh from $3.6 million. The one analyst who covers the company expectedr a net loss of 2 cents on revenuesaof $3.5 million. Systems sales and service, maintenancwe and support revenues both rose 12 percent duringthe quarter, whil application hosting services revenues fell 23 percent, the companyt said in a news release. “We continue to make progressw in moving this business forwardr to the point of becoming consistently that is our mainstrategic goal,” said CEO Bria Patsy in the release.
In early June, Streamline won a contracft valued at morethan $1 million to integratr its document workflow solutions into an electronic medical records system at a Canadian healtjh care region, Patsy said. It is the second Canadiam contract the company has won in the past Despite thebetter news, shares of Streamline (NASDAQ: followed most tech stockz down on Wednesday morning, losing more than 8 percent, or 26 to $2.89. Streamline Health Solutions, based in is a supplier of workfloe and documentmanagement tools, applications and services to specifically health-care organizations.
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